Is now the time to buy ETH?

Ethereum is trading around $1,670 after one of its weakest nine months in years.

The second-largest cryptocurrency by market capitalization remains under pressure, having fallen more than 66% from its peak around $4,800 in late 2025.

The decline comes despite analysts pointing to growing signs of accumulation and improving macro conditions. The possibility of a peace deal between the US and Iran, which President Donald Trump said could be signed on Sunday, was also a new factor for crypto investors keeping a close eye on risk sentiment. Iran has objected to Sunday’s schedule, but negotiations appear to be moving forward.

Ethereum heads for another weak quarter

Ethereum has been on a double-digit deficit pace for three consecutive quarters. Data cited by analyst Daan Crypto Trades shows that $ETH It fell by about 29% in the first quarter, and continues to decline by more than 20% in the second quarter, with several weeks left until the end of the period.

The current growth follows a 28% decline in the fourth quarter of 2025. This means Ethereum could post losses of more than 20% for three consecutive quarters, potentially extending one of the longest periods of weakness since the 2022 bear market.

Despite its poor performance, Daan argued that Ethereum still plays an important role in tokenization, decentralized finance, and blockchain infrastructure. He said current price levels are becoming attractive to investors looking at multi-year time horizons.

“We’re finally seeing attractive conditions again for long-term savings,” he said, warning that bear markets often last longer than investors expect.

Currency outflows indicate accumulation

On-chain data has provided one of the strongest bullish arguments for Ethereum in recent weeks. Analyst Ali Martinez said it was about 500,000 people. $ETH Approximately $800 million worth of funds have left centralized exchanges in the past seven days.

Large currency withdrawals are often seen as a sign that an investor intends to hold on to the asset rather than leaving it ready to sell. If demand remains stable, a decline in foreign exchange balances could ease short-term selling pressure.

Martinez described the move as a potential accumulation signal. However, he also warned that Ethereum could fall significantly further before establishing a final market bottom.

His downside scenario suggests that $ETH If broader market conditions worsen, a return to levels around $700 is possible.

Technical indicators remain bearish

Ethereum’s daily chart continues to show a clear downward trend. Since reaching highs near $5,000 late last year, the asset has produced a series of falling highs and falling lows.

The Relative Strength Index is currently hovering around 32, close to oversold territory. This indicates strong selling pressure, but does not confirm a trend reversal. In a bear market, assets can be oversold for extended periods of time.

The MACD has also fallen below the signal line and is in negative territory. The bearish momentum has slowed, but no bullish crossover has been confirmed. Trading volumes also failed to produce the kind of capitulation spikes often seen near the bottom of major markets.

Expect the Iran deal to be a macro catalyst

Ethereum’s outlook is also tied to broader market sentiment. Earlier today, crypto.news reported that President Trump said a peace deal with Iran was signed on Sunday that could lead to the reopening of the Strait of Hormuz. Iran said a deal could take longer.

Cryptocurrency analyst Michael van de Poppe argued that a successful deal could return liquidity to risk assets, including cryptocurrencies. Declining geopolitical tensions and reduced pressure on energy markets could increase investor appetite for digital assets.

For Ethereum, that macro backdrop comes at a time when on-chain data is showing accumulation while technical indicators remain weak. combination leaves $ETH They are caught between growing long-term interest and a still-wary market structure.

Whether Ethereum’s recent lows signal the beginning of a recovery or another stop mid-fall may depend on how risk sentiment develops in the coming weeks and whether buyers continue to remove. $ETH From the current pace of exchange.