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Ethereum breaks three-quarter losing streak as Q3 gains near 58%

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ETH is up about 58% in the third quarter, positioning it to end its first three-quarter losing streak after declines of roughly 29% in Q4 2025, 30% in Q1 2026, and 26% in Q2 2026. More than two weeks remain in the quarter, so the outcome can change.

ETH’s advance follows its longest quarterly losing run on record. Previous back-to-back quarterly loss streaks occurred in 2018, 2019, 2022, and 2024, each followed by a positive quarter. The current Q3 gain exceeds the cited average Q3 return of 12% and median of 10%.

Ethereum Price Snapshot

ETH traded near $2,500, roughly flat over 24 hours. Retail sentiment remained bearish and chatter levels were normal. Year to date ETH was down about 18% and down more than 42% over the past 12 months, framing the Q3 bounce within a broader drawdown.

ETHUSDT Price Chart 1D

ETHUSDT Price Chart 1D TradingView

ETH traded around $2,510, up 1.34% on the day, rebounding from a September low near $2,061. Price moved back above the 200-day moving average, which had been trending lower since peaking near $3,650 in mid-2026. Price was testing resistance around $2,566. A daily close above that zone would open room toward $2,800–3,000, an area of prior supply. Nearest support: $2,141, with the September low near $2,061 as the key level to hold if the bounce fails.

Q4 Outlook and Institutional Positioning

Tom Lee, chairman of Bitmine Immersion Technologies, forecast in August that Ethereum would break the losing streak and draw stronger interest through September into year-end. He cited institutional allocation and a potential CLARITY Act passage as supportive factors for Q4. He expected the Federal Reserve to hold rates in September and viewed that as supportive for risk assets. These are forecasts, not confirmations.

Bitmine reported holding 5,929,198 ETH as of September 7, equal to 4.9% of the 122 million ETH supply, up from 4.8% in late August. Stocktwits identified Bitmine as the largest corporate ETH holder.

A positive Q3 would interrupt Ethereum’s first three-quarter losing streak, but the result remains open until quarter-end. Expectations for a strong Q4 are conditional on macro policy decisions and potential legislation such as the CLARITY Act.

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