Ethereum‘s best month ever puts $7K ETH price within reach

2 hours ago

Key takeaways:

ETH eyes grounds monthly close, unlocking imaginable for a year-end rally.
History shows August’s mean 60% gains into December contempt September dips.
Monthly MACD flips bullish, echoing past signals that preceded large uptrends.

Ethereum’s autochthonal token, Ether (ETH), is connected way for its highest monthly close, supra the existent grounds precocious of astir $4,955.

This determination could unlock arsenic overmuch arsenic 60% further upside by year’s end.

Ether gains 60% connected mean aft a greenish August

Whenever ETH closes August successful the green, the pursuing months person historically delivered astir 60% connected mean returns.

In August 2017, 92.9% gains acceptable the signifier for different 91% rally into year-end, fueled by the initial coin offerings (ICO) euphoria, according to information assets CoinGlass.

In 2020, ETH added 25.3% successful August earlier surging 69% from September to December, with November unsocial bringing successful 59% profits arsenic DeFi adoption accelerated.

Even successful 2021, erstwhile the marketplace was already overheated, a 35.6% August was followed by different 17.8% ascent into December.

On the flip side, erstwhile Ethereum ends August successful losses, year-end show has averaged a -14.1% drawdown, underscoring the value of a greenish adjacent this month.

But determination is 1 much nuance. Every bullish August has been followed by a reddish September, averaging astir a 17% dip.

These aboriginal pullbacks often shingle retired traders with “bear marketplace PTSD,” according to expert Axel Bitblaze.

Once panic selling clears, Ether has gone connected to signifier almighty rebounds into the last quarter.

BitBlaze sees ETH resuming its bull inclination toward $6,800–$7,000, which aligns with targets antecedently flagged by Standard Chartered’s Geoffrey Kendrick and other marketplace analysts.

A continuation of the emblematic post-August rally signifier could spot Ether widen adjacent further, with a 60% ascent from existent levels placing prices adjacent $7,375 by December.

Ether MACD flips bullish

Ethereum’s monthly MACD has conscionable confirmed a bullish crossover, which means the shorter-term momentum (blue) enactment has moved supra the longer-term 1 (orange).

In past cycles, specified crossovers person marked the commencement of large rallies.

Ethereum’s MACD flipped bullish successful aboriginal 2020, close earlier ETH terms exploded by much than 2,200% into its 2021 peak. Another occurred successful precocious 2023, which preceded a rebound of implicit 120% into mid-2025.

By contrast, the MACD’s bearish crossover successful aboriginal 2022 coincided with a brutal downtrend that erased implicit 70% of Ether’s value, showing however pivotal these signals tin beryllium astatine the turning points of a marketplace cycle.

With a caller bullish crossover present successful play, the bias tilts backmost to the upside, reinforcing projections for ETH to widen toward the $7,000–$7,500 portion by the extremity of 2025.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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