Historical Reminder: Be Cautious About Ethereum's Performance in September
Powell hinted at a possible interest rate cut next month, and the majority of the cryptocurrency market sees this as a potential positive.
However, historical data indicates that caution is warranted for Ethereum. CoinGlass data shows that since 2016, Ethereum has only experienced three increases in August, and each time it has faced a decline in September.
2017: Ethereum soared by 92.86% in August, then dropped by 21.65% in September;
2020: After a 25.32% increase in August, September saw a pullback of 17.08%;
2021: Following a 35.62% increase in August, September experienced a decline of 12.55%.
