Ethereum Faces Historic Quarterly Decline Amid Renewed Speculation

Ethereum's (ETH) quarterly returns have been under pressure as it faces the possibility of its first ever three consecutive quarters in the red. According to data from CoinGlass, ETH has posted negative quarters in Q4 2025 and Q1 2026, and is currently facing a decline in Q2.

However, some market participants believe that a 'crypto spring' may be on the horizon if ETH closes above $2,100 by the end of May 2026. This would mark the third consecutive monthly gain for ETH, and would be a significant milestone in its price recovery.

The Ethereum Foundation's unstaking activity has sparked fresh speculation online, with some market participants pointing to renewed panic around recent sales by the foundation. However, it is worth noting that this cannot confirm that a dump is incoming.