Ethereum Just Had Its Best Month in a Year: Can ETH Keep Rallying in August?
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Summer was quiet for crypto markets but Ethereum outperformed, surging roughly 20% to a local peak and highlighting strong token performance for the largest altcoin. Historical August volatility raises short-term risk, so traders should monitor on-chain metrics, DeFi flows and DEX/CEX activity for market impact over the next 30 days.
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The summer is not the most exciting period in the cryptocurrency markets, and the past month or so proved it. Nevertheless, Ethereum managed to become one of the few (re)rising stars, surging by roughly 20% and reaching a local peak.
History suggests that August has been quite the controversial month for the largest altcoin, and we will explore that data to try to see what could be hiding around the corner in the next 30ish days.
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