Ethereum closed green in September, closely tracking its 2016 pattern, which could indicate a potential red Q4.
continues to present mixed signals as the fourth quarter of the year begins. Historically, a bullish close in September has often led to positive market movements, but Ethereum seems to be following a different trajectory.
Ethereum’s price dynamics are intriguing, with its historical performance worth monitoring to see if it deviates from previous trends.Ethereum’s current price behavior mirrors its 2016 pattern, suggesting a possible bearish turn in Q4. This expectation is reinforced by large investors, or “whales,” who are unstaking their ETH and securing profits.This kind of behavior often signals that big players anticipate a downturn, increasing the likelihood of a red Q4 for Ethereum.
In the past 24 hours alone, 155,000 accounts were liquidated, amounting to $533 million, of which $451 million came from long orders.
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