$ETH (-3,91%) is closing this quarter with an uncomfortable statistic: its 3rd worst Q1 on record.
Not the kind of headline that sparks excitement but often the kind that quietly reshapes positioning. Historically, moments like this have been less about panic and more about reassessment: leverage resets, expectations compress, and conviction is tested.
Weak quarters don’t define an asset forever. They define the environment it’s emerging from.
The real question isn’t how rough Q1 was it’s what kind of structure Ethereum builds from here?
