Is It Time to Buy Ethereum (ETH) After Double-Digit Losses?
Ethereum (ETH) is sliding again, with a new push toward another double-digit quarterly loss. Analyst Daan Crypto Trades says ETH is on track for its second-worst first half since 2022, citing heavy declines across both Q1 and Q2 and an ongoing streak of red quarters since Q4 2025.
Despite the optimism around Ethereum’s long-term role in tokenization and DeFi, the article highlights bearish momentum: ETH recently fell to around a 14-month low near $1,500, while ETH’s relative market share versus BTC has weakened.
On-chain flow is also adding caution. Ali Martinez points to data (Glassnode) suggesting investors have been withdrawing nearly 500,000 ETH (about $800M at current prices) from exchanges in roughly a week. Martinez frames this as a potential early accumulation signal, but he also warns ETH’s true price bottom could be more than 50% below current levels (around $700).
Trading takeaway: the combination of weak quarterly performance for ETH and the possibility of further drawdowns suggests risk remains elevated, even if some holders are preparing for longer-term accumulation.
Bearish
The news is framed around ETH’s weakening fundamentals and momentum: a projected second-worst first half since 2022, repeated double-digit quarterly losses, and a fresh move toward new lows near $1,500. That profile typically aligns with prolonged downside risk, similar to prior extended bear phases where “early accumulation” narratives emerged while price continued to grind lower.
The exchange-withdrawal data (nearly 500,000 ETH outflows) can be supportive, because it hints at holders reducing exchange exposure—often seen before medium-term stabilization. However, the article also includes an explicit warning that ETH’s bottom could be more than 50% lower than current levels. For traders, that combination usually means: short-term rallies may face selling pressure, and downside hedging or staged entries are more prudent than chasing immediate longs.
Short-term: bearish bias due to ongoing quarterly drawdowns and potential further liquidation/weak bids. Long-term: neutral-to-constructive only if withdrawals translate into sustained accumulation and macro sentiment improves; otherwise the bear continuation risk remains dominant.