Ethereum: Can ETH avoid its first-ever 3-quarter losing streak?

ambcryptoPublished on 2026-07-01Last updated on 2026-07-01

Abstract

Ethereum is facing the risk of its first-ever three consecutive quarterly loss, having closed Q4 2025, Q1 2026, and Q2 2026 in the red. This prolonged sell-off is concerning for bulls, as past corrections typically recovered within a quarter or two. Currently trading around $1,577, ETH struggles to reclaim the $1,600 level, with its RSI indicating continued buyer weakness, though the Chaikin Money Flow shows some positive capital inflow. Market sentiment is divided among major institutions. BlackRock has been depositing and selling ETH via Coinbase Prime for seven consecutive days, adding downward pressure. In contrast, Bitmine continues aggressive accumulation, recently adding 27,084 ETH to hold a total of 5.7 million ETH, representing about 4.72% of the total supply. The price needs to sustainably move above $1,600 to signal a potential trend reversal. Until then, the prevailing bearish quarterly trend remains the dominant signal, keeping traders nervous.

Ethereum [ETH] has struggled in recent quarters, but what stands out is the divide among major players. Is ETH simply going through a rough patch, or is it about to fall further for good?

Ethereum’s first 3-quarter losing streak

Per the quarterly returns chart from CoinGlass, ETH closed Q4 2025 in red and has continued to fall through Q1 and Q2 2026. If this quarter ends the same way, this would be Ethereum’s first-ever run of three consecutive negative quarters.

Source: Coinglass

ETH has seen big corrections before, but it has usually recovers within the next quarter or two. This time, the sell pressure has lasted longer, so it’s more concerning for bulls.

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Traders will probably stay nervous until ETH recovery becomes obvious.

Blackrock sells, Bitmine buys

Source: Arkham Intelligence

What makes this peculiar, is that big institutions are not moving in sync. BlackRock has reportedly deposited more Bitcoin [BTC] and ETH to Coinbase Prime and has sold ETH for seven straight trading days. Its last ETH buy was around two weeks ago.

Source: Arkham Intelligence

But on the other side, Tom Lee’s Bitmine is still buying aggressively. The firm added another 27,084 ETH, worth about $42.5 million, taking its total holdings to 5.7 million ETH. That is around 4.72% of Ethereum’s total supply.

ETH is struggling right now

Ethereum was trading near $1,577 at press time, still struggling to reclaim the $1,600 level after its drop. The RSI was weak, so buyers have not taken back control yet.

Source: TradingView

The CMF went slightly positive, so capital is still in despite the bearish price action. If you think about it, BlackRock selling has added pressure, but Bitmine’s buying keeps the market from looking completely one-sided.

ETH really needs a move back above $1,600, and must hold there for success. Until then, the quarterly trend is the bigger signal.

Final Summary

  • Ethereum could close its first-ever 3-quarter losing streak soon.
  • BlackRock’s 7-day ETH selling streak is clashing with Bitmine’s 5.7M ETH accumulation.

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