Ethereum Falls 18.39% in Q2 2026 Despite 24-Hour Rally, CryptoQuant Data Shows Selling Pressure on Binance

According to CryptoQuant data, Ethereum has fallen 18.39% in the second quarter of 2026 despite a 5% intraday rally, with ETH trading above $1,750. If the quarter closes without recovery, it will mark the first time ETH records negative returns for three consecutive quarters, following declines of 28.28% in Q4 2025 and 29.26% in Q1 2026.

CryptoQuant analyst Arab Chain notes that Ethereum remains under persistent selling pressure on Binance's spot market. The exchange's Ethereum cumulative volume delta (CVD)—which tracks the difference between buy and sell orders—continues to decline, indicating sell orders are outnumbering purchases. If CVD remains negative, further volatility is likely; a reversal could signal renewed buying interest and price stabilization.