Ethereum (ETH) is facing an unprecedented situation as it edges closer to recording three consecutive losing quarters for the first time in its history.
The second-largest cryptocurrency by market capitalization has struggled in recent times, with a return of -28.28% in the final quarter of 2025 and a decline of -29.26% so far in the new year.
As of press time, ETH is trading at $1,732 on CoinGecko, down 18.29% for the quarter. With just days left in the year, it's unlikely that ETH bulls can stage a massive recovery to reverse these losses.
The flagship altcoin is struggling due to various issues, including internal crises, leadership instability, and the poor performance of the broader cryptocurrency market.