1 month ago
12
Key Takeaways
- Ethereum is closing Q2 2026 with two straight double-digit negative quarters.
- Its market cap has fallen out of the global top 100 assets.
- Buyers are active in derivatives, but price isn’t responding.
- The only comparable back-to-back negative Q1 and Q2 were in 2022; 2018 remains the sharpest downside risk scenario for what follows.
One of the most telling signals is in the order flow. The Taker Buy/Sell Ratio sits at 1.13, meaning aggressive buyers are outnumbering sellers on Binance. Normally that pushes price up. It isn’t. The Fund Price at $12.59 has been declining since April despite that buying pressure, and that combination is the problem.
English (US)