Ethereum brushes the unthinkable: Three consecutive months in the red, a first!

Ethereum brushes a dark record: three consecutive months in the red. A first in its history. Between structural crisis and hidden opportunities, the second crypto in the market sparks debates and questions. Analysis of an unprecedented situation.

In brief

• Ethereum brushes a historic record of three consecutive months of losses, a first since 2015.
• 39% drop for Ethereum in Q1 2026, despite an exploding network activity (200M transactions, +1704% active addresses).
• Possible scenarios for ETH: prolonged collapse or technical rebound? The coming weeks will be decisive.

Ethereum could record 3 consecutive months of losses!

The first quarter of 2026 will go down in Ethereum’s history, but for the wrong reasons. Despite 200.4 million transactions and a record of 447,000 new wallets created in 24H, the price of ETH plunged 39% since January. A striking divergence between network adoption and token performance, placing ETH at an unprecedented risk: chaining three consecutive months of losses. After April and May in the red, June could seal Ethereum’s fate.

Data shows ETH has always avoided this scenario, even during the worst crashes of 2018 and 2022. Yet, selling pressure persists, fueled by a sluggish bullish market and dim institutional demand. The moving averages (50, 100, and 200 days) act as insurmountable resistances, keeping Ethereum’s price below $2200. This context worries investors, used to quick rebounds. But this prolonged weakness could also prepare for a spectacular turnaround.

Ethereum at a turning point: between historic collapse and unexpected rebound

Ethereum is currently testing a key psychological support at $2000, a level that could determine its short-term future. Indeed, the RSI in oversold territory (near 33) signals seller fatigue, often a precursor to rebounds. Yet buyers struggle to regain control, facing strong technical resistances.

The situation recalls past cycles of 2020 and 2023 where similar drops preceded spectacular rallies. Today, the question arises… Is this weakness the prelude to a new crash or a rapid recovery? If ETH manages to stabilize its price and break through the moving averages, a reversal could begin. Otherwise, a third consecutive month of decline would mark a turning point in its history, with unpredictable consequences for the crypto market.

Ethereum is playing its future between a dark record and historic rebound. Crypto investors watch, torn between fear and hope. And you, would you be ready to bet on a reversal of ETH or wait for clearer signals?