According to the report by CryptoQuant, the price of Ethereum (ETH) is expected to drop to around $1,500 by the end of Q3 or the beginning of Q4 in 2026 if the bear market continues to drag on. The report points out a "paradox of acceptance," suggesting there is a serious disconnect between the level of network acceptance and price performance. Although the number of daily active addresses and the number of smart contract calls reached an all-time high last month, the price of ETH has fallen more than 50% from its cycle peak.