Ethereum is close to a black record: three months in a row in red. A first in its history. Between structural crisis and hidden opportunities, the second crypto on the market gives rise to debates and questions. Analysis of an unprecedented situation.

In brief
- Ethereum is close to a historic record of three consecutive months of losses, a first since 2015.
- 39% drop for Ethereum in Q1 2026, despite exploding network activity (200M transactions, +1,704% active addresses).
- Possible scenarios for ETH: prolonged collapse or technical rebound? The next few weeks will be decisive.
Ethereum could record 3 consecutive months of losses!
The first quarter of 2026 will go down in the annals of Ethereum, but for the wrong reasons. Despite 200.4 million transactions and a record 447,000 new wallets created in 24 hours, the price of ETH has plunged 39% since January. A striking divergence between the adoption of the network and the performance of the token, which places ETH facing an unprecedented risk: chaining three consecutive months of losses. After the months of April and May in the red, that of June could seal the fate of Ethereum.
Data shows that ETH has consistently avoided this scenario, even during the worst crashes of 2018 and 2022. Yet selling pressure persists, fueled by a sluggish buoyant market and sluggish institutional demand. The moving averages (50, 100, and 200 days) act as impassable resistance, keeping Ethereum price below $2,200. This context worries investors, accustomed to rapid rebounds. But this prolonged weakness could also prepare for a spectacular reversal.
Ethereum at a turning point: between historic collapse and unexpected rebound
Ethereum is currently testing key psychological support at $2,000, a level that could determine its near-term future. Indeed, the RSI in oversold territory (close to 33) signals seller fatigue, often a precursor to rebounds. However, buyers are struggling to regain control, facing solid technical resistance.
The situation is reminiscent of past cycles of 2020 and 2023 where similar falls preceded spectacular rallies. Today, the question arises… Is this weakness the prelude to a new crash or a dazzling recovery? If ETH manages to stabilize its price and cross 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 stakes its future between black record and historic rebound. Crypto investors are watching, torn between fear and hope. And you, would you be ready to bet on a reversal of ETH or to wait for clearer signals?
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