What Should You Expect as Ethereum Enters it Most Bearish Quarter?

Ethereum is poised to conclude the second quarter with notable gains. It will be its first green since the year started.

However, the coin is yet to erase the losses it had in Q1 fully. The session ended with losses exceeding 47%. It was one of the worst hit by the selloffs in December, retracing from $3,700 to $3,000 but closed with losses exceeding 10% amid recovery.

The selloffs continued into the next month, with the asset registering slight price change. Nonetheless, the biggest decline of the quarter occurred in February, when it retraced from $3,300 to $2,073 and closed with losses exceeding 30%.

Trading action in March sealed the losses as the largest altcoin lost over 18% following its retracement to $1,700

The selloff slowed down in April after ETH retraced to $1,383. It continued recovery in May with a whopping 41% surge. However, it prints a doji for June.

Nonetheless, one of the biggest highlights of the quarter happened in the fourth month when the asset registered one of its most significant surges. It opened the session at $1,811 and surged to a high of $2,225, gaining over 20% in a single day. The hike occurred after over two weeks of rangebound movement.

Nonetheless, Ethereum registered a notable spike in network activity and staked assets over the last three months. Data from CryptoQuant indicates a significant accumulation during this period.

Exchange-traded funds registered notable inflows. US ETFs registered an influx of over $1.76 billion, as the Hong Kong spot ETF experienced a significant inflow.

Ethereum May Experience Upticks in Q3

The 36% gain in Q2 is unsurprising as this is typically the second most profitable quarter of the year. Previous records suggest that Ethereum gains an average of 67% every Q2. It registered its largest increase in 2017, surging by over 487%. Conversely, it lost a whopping 67% in 2022.

Historically, Q3 is not the best for the largest altcoin. It performs its worst during this period, losing an average of over 3%. It registered its biggest gains of 50% in 2020. ETH remains to be seen if it will topple this figure in 2025. However, it recorded its largest loss in 2018, a 48% decline.

There is a chance that the apex altcoin will continue the gains made in the previous quarter. A closer look at the chart above shows a clear pattern for gains and losses. Ethereum registers notable losses twice in a row.

The altcoin lost 13% in 2023 and 24% the following year. If this trend holds, the asset may be gearing up for massive increase over the next three months.

The 3-month chart supports this speculation. Ethereum has never slipped below bollinger’s middle band since inception. It slipped below the metric during last quarter for the first time. It trades above it at the time of writing. However, further decline will see it return below it.

The bulls are holding on to this level at the time of writing. They may use the mark as support for further increases. If talks of the altseason happening soon becomes a reality, it will result in massive surges.

On the other hand, there is a huge chance of massive declines in Q3. The growing discontent over ETH “sluggish” movement may see investors leave it for more profitable assets.

A Bearish Start

The largest altcoin will end June with slight losses. A look at its performance in 2025 shows that it registered notable losses in five of six months. The sixth month was no exception and it’s not surprising.

The chart above shows that the cryptocurrency sees less uptrend in June. It registers an average of 6.71% during this period, the second lowest compared to the other months.

Nonetheless, the apex altcoin grappled with notable selling pressure at the start of the sixth month. It kicked off with Donald Trump’s threat of tariffs on the EU. It shrugged off the news as other positive fundamentals made the rounds.

However, ETH resumed its downtrend as the news of Israel bombing Iran made the news. Iran’s retaliation sparked further panic across the market. Fears of World War 3 increased when the US joined the conflict. The conflict ended and Ethereum is yet to fully recover, resulting in its bearish close.

The one-week chart shows that the second largest cryptocurrency was locked in rangebound movement for most the month. It had it s first major in the week starting Jun. 16, losing over 12%. It recovered the lost value the next week.

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