Ethereum Price May Still Be Far From Any New All-Time Highs, Data Shows
- 王林Original
- 2024-09-01 09:57:131135browse
The third quarter of the year, consisting of the months of July, August, and September, have always been rather bearish for the Ethereum price.
Analysis of Ethereum's Performance in Third Quarters Reveals Bearish Tendencies
Examination of data from the Coinglass website showcases the varying monthly returns for Ethereum since its launch in 2016. While most months have seen substantial gains, the third quarter, spanning July, August, and September, has historically been less favorable for the altcoin.
Specifically, over nine years, July has closed in the green only three times, while August and September have witnessed six negative months each. This contrasts with the strong performance in the first and second quarters, where Ethereum has recorded its highest gains.
As a result, the average monthly returns for July, August, and September stand at +5.51%, +6.98%, and -7.67%, respectively. Additionally, the median returns for these months are all negative.
This analysis suggests that the third quarter has consistently been the most bearish for Ethereum, with the altcoin facing potential losses during this period.
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