Ethereum is trading near $1,670 after one of its weakest nine-month periods in recent years.
The second-largest cryptocurrency by market value remains under pressure after falling more than 66% from its late-2025 peak near $4,800.
The decline comes even as analysts point to growing signs of accumulation and improving macro conditions. A possible U.S.-Iran peace agreement, which President Donald Trump said could be signed Sunday, has also added a new factor for crypto investors watching risk sentiment. Iran has disputed the Sunday timeline, but negotiations appear to be moving forward.
Ethereum heads toward another weak quarter
Ethereum is on pace for its third consecutive quarter of double-digit losses. Data cited by analyst Daan Crypto Trades shows $ETH fell roughly 29% in the first quarter and remains down more than 20% in the second quarter with weeks remaining before the period ends.
$ETH Is it time for accumulation yet?
– Ethereum is on track for its 2nd worst first half of the year after 2022.
– It’s the second time where $ETH has seen a red Q1 and Q2 (also behind 2022).
– It’s time $ETH sees 3 consecutive red quarters in a row.Easy to say this has been an… pic.twitter.com/VynuxMuGfv
— Daan Crypto Trades (@DaanCrypto) June 14, 2026
The current stretch follows a 28% decline in the fourth quarter of 2025. That means Ethereum could record three straight quarters of losses exceeding 20%, extending one of the longest periods of weakness since the 2022 bear market.
Despite the poor performance, Daan argued that Ethereum still has an important role in tokenization, decentralized finance, and blockchain infrastructure. He said current price levels are becoming attractive for investors with a multi-year time horizon.
“Finally attractive again for longer-term accumulation,” he said, while warning that bear markets often last longer than investors expect.
Exchange outflows point to accumulation
On-chain data has provided one of the strongest bullish arguments for Ethereum in recent weeks. Analyst Ali Martinez said nearly 500,000 $ETH worth about $800 million left centralized exchanges over the past seven days.
Nearly 500,000 Ethereum $ETH, worth roughly $800 million, have been withdrawn from trading platforms over the past week.
This could be an early sign of accumulation. https://t.co/LNkygeYlUV pic.twitter.com/afPADae2pP
— Ali Charts (@alicharts) June 13, 2026
Large exchange withdrawals are often viewed as a sign that investors intend to hold assets rather than keep them available for immediate sale. Falling exchange balances can reduce short-term selling pressure if demand remains stable.
Martinez described the movement as a potential accumulation signal. However, he also warned that Ethereum could still fall much further before establishing a final market bottom.
His downside scenario suggests $ETH could revisit levels near $700 if broader market conditions deteriorate.
Technical indicators remain bearish
Ethereum’s…
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