After enduring a brutal series of declines that saw Ethereum fall toward $1,500 in late 2025 and early 2026, prominent analysts are signaling that the worst may finally be over for the largest altcoin. July has already opened with a double-digit percentage gain, breaking a streak of two consecutive monthly drops. Michaël van de Poppe, a widely followed crypto analyst, declared on X that “the worst period for ETH is over.” He highlighted an emerging breakout and a higher low against Bitcoin, indicating a return to an uptrend.
The backdrop to this optimism is historically unprecedented: ETH just closed its third consecutive quarter with losses exceeding 20%. In Q4 2025, Ethereum dropped 28.28%, followed by a 29.26% slide in Q1 2026, and another 25.28% in Q2 2026. Van de Poppe noted that the statistical likelihood of a fourth such quarter is very low. He also pointed to the anticipated Clarity Act, expected to be signed into law by year-end, which he believes will unlock significant liquidity into the Ethereum ecosystem and benefit ETH more than most other crypto assets, including Bitcoin.
Fellow analyst Merlijn The Trader offered a similarly bullish view, focusing on the ETH/BTC pair. He noted that ETH has dipped to 0.026 BTC, a historically pivotal level that triggered a 233% outperformance against Bitcoin the last time it was tested. Now, with the same support level holding and a potential golden cross forming, Merlijn suggests that if the pattern repeats, ETH could rocket past 0.08 BTC—a level not seen in four years.
