Ethereum Pulls Back Ahead of June — Historically Its Worst Month

#Ethereum has declined for three straight days, down 9.8% from its monthly high, touching a low of $2,500. Despite the drop, it’s still outperforming most altcoins.

Seasonality Insight:

June has historically been ETH’s worst-performing month, averaging a -7.4% return since 2016. However, seasonal patterns don’t always hold — March and February 2024 were both unexpectedly bearish.

Fundamentals Remain Strong:

* MVRV Ratio at -0.074 suggests ETH is undervalued.

* Whales are buying the dip, holding 103.5M ETH — up from recent lows.

* Spot ETH ETFs see $3B+ in inflows over 10 consecutive days, indicating strong institutional demand.

Technical Outlook:

ETH is above the 50-day MA and forming a bullish flag — a potential signal for a continuation of the upward trend.

Stay informed and manage your risk as June begins.

#Ethereum #CryptoNews #CryptoMarket #TechnicalAnalysis

Trade here $ETH :)