Ethereum is up nearly 58% so far in the third quarter, positioning the token to end its first-ever three-quarter losing streak after consecutive declines of nearly 29% in the fourth quarter of 2025, roughly 30% in the first quarter of 2026 and nearly 26% in the second quarter of 2026. The reversal is not yet final, with more than two weeks remaining in the quarter, and the current gain exceeds the cited average third-quarter return of 12% and median return of 10%. Ethereum was trading at $2,510, up 1.34% on the day, after bouncing sharply off a September low near $2,061 and pushing back above its 200-day moving average, though it remains down about 18% so far this year and more than 42% over the previous 12 months. Tom Lee, chairman of Bitmine Immersion Technologies, had predicted in August that Ethereum would break the streak, citing institutional allocation and a potential passage of the CLARITY Act as factors that could support a strong fourth quarter, and Bitmine said on September 8 that it held 5,929,198 ETH as of September 7, equal to 4.9% of Ethereum's 122 million supply, up from 4.8% in late August.
BitMine Immersion Technologies, Inc.Bitmine holds 5,929,198 ETH (4.9% of supply), so Ethereum's 58% Q3 rally lifts the value of its disclosed crypto treasury.
