Widely followed crypto analyst Benjamin Cowen says that Ethereum (ETH) still isn’t ready for its moment to truly shine, based on historical data.
In a new video update, Cowen takes a look at Ethereum’s historical average monthly return on investment (ROI), which suggests that Q3, or summer months, are generally not the best times to accumulate or hold ETH.
On the other hand, the analyst says that late Q4 or early Q1 have historically been the best times to accumulate Ethereum.
“The one-year timeframe shows you that December and January are best, on average. So on average, going back throughout all of ETH’s history, if you bought ETH with a goal to sell it one year later, December and January have historically been the best.
The worst month was July. If you think about it, think about where ETH was last July. It wasn’t at a very different price than what it is today, I mean you’re talking pretty much the same price, maybe plus or minus a couple of hundred dollars but that’s where we were last July. And you can see there’s this sort of lull in even the one-year ROI buying in that April, May, June July timeframe but as you get further out into Q4, it tends to go up.
If you go out to two years (ROI), you’ll see the same type of thing: June and July are the worst, and January and December are the best.”
Cowen says there’s clear seasonality associated with Ethereum, one that suggests that investors who accumulate ETH at the end of the year to January have performed better than others on average.
At time of writing, Ethereum is trading at $1,858.
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