Ethereum is under close scrutiny by traders this August, focusing on historical data indicating potential price increases. This article examines key points that could affect the market this month.
Historical Returns of Ethereum in August
Historical data shows that in August following Bitcoin halving, Ethereum averaged a return of 64.2%. For instance, in 2017, this figure peaked at 92.86%. In 2020, post-Bitcoin halving, Ethereum also exhibited significant growth. However, not all Augusts have seen success: in 2019, there was a decline of -21.31%, and 2025 has recorded a loss of -4.93%. Traders are paying attention to support levels in the range of $3000-$3200 and resistance at $3500.
Trading Strategies Based on Volatility
Considering the historical data, traders are formulating short-term strategies. Trading volumes in August post-halving typically exceed average levels by 20%. Traders are looking for entry opportunities around $3100, with stop-loss levels set around $2900. Additionally, there is significant interest in call options expiring at the end of August.
General Market Sentiment and Risk Factors
Long-term investments in Ethereum are tied to its scalability and growth in the decentralized finance and NFT markets. However, external factors such as macroeconomic news and regulatory changes remain in focus. A rally in the technology sector could also boost cryptocurrency prices.
August presents unique opportunities for Ethereum traders, driven by historical trends and volatility, although risks remain influenced by external economic factors.
