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Ethereum faces first-ever three months of losses amid strong network growth and market uncertainty.

Market News
31 May 2026
Cointribune
View Source
Bearish
pluang ai news

Ethereum is experiencing a historic first with three consecutive months of price declines, dropping 39% in Q1 2026 despite record network activity including over 200 million transactions and 447,000 new wallets in 24 hours. This unusual divergence between strong adoption and falling token price raises concerns about whether Ethereum will continue to decline or stage a technical rebound. Key support at $2000 and oversold signals suggest a possible recovery, but persistent selling pressure and resistance near $2200 keep the outlook uncertain. The coming weeks are critical for Ethereum's short-term future, with investors watching closely for signs of either a prolonged collapse or a strong rebound.

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