Ethereum has been a bit of a disappointment this year. While everyone expected it to soar alongside Bitcoin, it’s been stuck in the mud, failing to even reach $4,000. And it looks like things might get worse before they get better.
Summertime Blues for Ethereum
Historically, the third quarter (July, August, September) has been a real bummer for Ethereum. Data shows that more often than not, the price drops during these months.
- July: Only 3 out of 9 years have seen gains.
- August: Similar story, only 3 out of 9 years have seen gains.
- September: Even worse, 5 out of 8 years have seen losses.
The average monthly returns for these months are pretty dismal too. So, it’s not looking good for Ethereum right now.
A Glimpse of Hope?
While the third quarter might be rough, there’s a glimmer of hope for the last quarter of the year. Historically, Ethereum tends to perform better in the fourth quarter, and things could start looking up again.
However, if the trend continues, the real gains might not come until the first quarter of 2025. That’s when Ethereum has historically seen its best performance.
Looking Ahead
If the pattern holds, Ethereum could reach a new all-time high by the second quarter of 2025. That would mean a price above $5,000, a double from where it is now. But remember, this is just based on historical data, and the future is never guaranteed.
