If you zoom out ETH’s chart, you will notice that its performance in July has similarities with its performance in March. Could this performance offer some insights into how ETH will perform in August?
Similarly, ETH rallied by roughly 42% from around mid-March, after being stuck in a low-volume range. It was preceded by a sharp crash between November 2021 and January 2022.If ETH follows a similar pattern as it did in March, then August should deliver a bearish performance. Although this is entirely possible, most of the dynamics currently driving its price action are different now, compared to what was the case in March.
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