Ethereum is Experiencing Its Worst Months in History: But According to This Data, the Danger Is Still Not Over! CryptoQuant Shares Possible Scenarios for…

News of an agreement between the US and Iran has boosted Bitcoin and altcoins.

Bitcoin’s price rose above $66,000, while Ethereum ($ETH) also climbed above $1,750.

Although Ethereum has seen a 5% increase in the last 24 hours, it has lost 18.39% of its value so far in the second quarter of this year.

If the quarter closes without a recovery, it will be the first time $ETH has recorded negative returns for three consecutive quarters.

According to the data, $ETH had previously fallen by 28.28% in the fourth quarter of 2025 and by 29.26% in the first quarter of 2026, and it continued its downward trend this quarter as well.

While the risk of further decline remains for Ethereum, CryptoQuant analysis suggests it may face even greater drops.

According to a CryptoQuant analyst, Ethereum remained under pressure in recent transactions, with selling still dominating Binance’s spot market.

CryptoQuant analyst, known by the pseudonym Arab Chain, analyzed that Binance’s Ethereum cumulative volume delta (CVD) momentum indicator has decreased and continues to show persistent selling pressure.

CVD measures the cumulative difference between buy and sell orders in the market. A falling CVD generally indicates that sell orders are outnumbering buy orders.

At this point, the analyst noted that if the CVD indicator remains in negative territory, Ethereum could face further volatility and downward pressure.

“Conversely, if CVD for $ETH takes an upward turn, it could indicate a return of buying interest and an improvement in investor sentiment. This could be an early sign of price stability for Ethereum or a new phase of recovery.”

*This is not investment advice.