Ethereum is on track to close three consecutive red quarters for the first time in its history, turning ETH’s latest selloff into a longer structural drawdown rather than a short correction. CoinGlass-linked quarterly return data places ETH down 28.28% in Q4 2025 and 29.26% in Q1 2026. Q2 2026 remains negative with only a few days left before the quarter closes, leaving Ethereum close to a historic three-quarter losing streak unless price stages a sharp late recovery.