Ethereum Price Still In Most Bearish Quarter In History, What To Expect Next

So
far
in
2024,
the
Ethereum
price
performance
has
fallen
short
of
market
expectations.
Instead
of
rallying
alongside
Bitcoin
to
new
all-time
highs
as
expected,
it
stalled
and
failed
to
claim
$4,000
even
at
the
height
of
its
rally.
Now,
with
the
third
quarter
in
full
gear,
the
Ethereum
price
may
still
be
far
from
any
new
all-time
highs,
given
that
this
has
historically
being
the
worst
quarter
for
the
second-largest
cryptocurrency
by
market
cap.

How
Ethereum
Fares
In
3rd
Quarters

The
third
quarter
of
the
year,
consisting
of
the
months
of
July,
August,
and
September,
have
always
been
rather
bearish
for
the
Ethereum
price.
We
see
this
from
data
presented
on
the
Coinglass
website,
which
tracks
the
monthly
returns
for
the
altcoin
since
its
launch
in
2016.

While
the
average
return
of
most
other
months
has
been
on
the
rather
high
side,
these
three
months
record
some
of
the
lowest
figures,
with
more
red
months
compared
to
green
months
completed
in
the
third
quarter
over
the
years.

To
put
this
in
perspective,
in
its
nine
years,
the
month
of
July
has
ended
in
the
green
only
3
times,
with
6
negative
months.
August
has
also
followed
the
same
trend,
with
six
negative
months
and
3
green
months.
September,
in
eight
years
so
far,
has
come
out
in
the
red
5
times
compared
to
only
3
times
in
the
green.
As
a
result,
average
monthly
returns
for
these
months
are
+5.51%,
+6.98%,
and
-7.67%.
Then,
the
median
returns
all
came
out
in
the
negative
across
the
board.

These
performances
shows
that
the
3rd
quarter
of
the
year
have
always
been
the
most
bearish.
In
contrast,
Ethereum
has
recorded
its
best
returns
in
the
first
quarter
of
the
year,
followed
closely
by
the
second
quarter.
Therefore,
as
the
year
draws
to
a
close,
the
more
bearish
the
Ethereum
price
gets.

What
To
Expect
From
Here

Going
by
the
historical
data
and
assuming
the
Ethereum
price
maintains
this
trend,
then
the
altcoin
may
not
see
any
significant
recovery
from
here
going
toward
the
end
of
the
year.
The
data
suggests
that
the
month
of
September
could
turn
out
even
worse
with
more
losses.

However,
going
into
the
last
quarter
of
the
year
could
bring
some
relief
for
investors
as
prices
could
pick
up
again.
But
for
the
real
gains,
that
could
be
months
away
until
the
first
quarter
of
2025,
when
the
Ethereum
price
has
been
known
to
notch
its
best
returns.

Additionally,
if
this
pattern
holds,
then
the
Ethereum
price
could
reach
a
new
all-time
high
by
the
second
quarter
of
2025.
This
would
put
it
above
$5,000,
signaling
a
2x
rise
from
here.

Featured
image
created
with
Dall.E,
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from
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