WHY YOU SHOULD NOT MISS BUYING ETH ON MONDA Y
Buying Ethereum (ETH) on Mondays can be a smart move under certain conditions. Here are key reasons why some traders and investors consider Monday a good day to buy ETH:
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1. Historical Performance: "Monday Effect"
Studies have shown ETH often performs better on Mondays compared to other weekdays.
This is possibly due to market resets after the weekend and renewed trading activity at the start of the business week.
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2. Fresh Market Momentum
Institutional and professional traders typically return on Monday, bringing volume and direction to the market.
ETH often gains momentum as weekend uncertainty fades and strategies are implemented based on news or events.
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3. Price Rebounds After Weekend Dips
ETH prices can drop slightly over the weekend due to lower liquidity and fewer market participants.
Monday may present a rebound opportunity as fresh demand comes in.
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4. News and Project Announcements
Major crypto news, project updates, and releases are often timed for Mondays, which can positively affect ETH's price.
Ethereum-related developments (e.g. layer 2 integrations, DeFi protocols, updates) may lead to bullish sentiment early in the week.
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5. Strategic Weekly Entry Point
For dollar-cost averaging (DCA), Monday provides a consistent and predictable entry time.
Buying ETH at the start of the week can help you track week-by-week performance more clearly.
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Bonus Tip: Combine With Technical Analysis
If ETH shows support levels or a price dip on Monday, it could be a good technical entry point. Many short-term traders combine day-of-week patterns with chart signals like RSI or moving averages.
