{"id":566221,"date":"2021-03-26T18:36:05","date_gmt":"2021-03-26T15:36:05","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566221"},"modified":"2021-03-26T18:36:05","modified_gmt":"2021-03-26T15:36:05","slug":"ethereum-has-had-positive-returns-for-10-of-the-last-12-months","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-has-had-positive-returns-for-10-of-the-last-12-months\/","title":{"rendered":"Ethereum has Had Positive Returns for 10 of the last 12 Months"},"content":{"rendered":"<p><strong>In brief:<\/strong><\/p>\n<ul>\n<li><strong>Ethereum&#8217;s monthly returns have been positive for 10 of the last 12 months<\/strong><\/li>\n<li><strong>Ethereum is well on its way towards closing March on a positive note<\/strong><\/li>\n<li><strong>The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April<\/strong><\/li>\n<\/ul>\n<p>The digital asset of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum<\/a> has had a volatile few days and the turmoil might have caused many traders to forget that ETH was valued at roughly $100 only one year ago. The latter price level was a result of the nerve-wracking crash of mid-March 2020, which saw ETH drop to a low of $86 &#8211; Binance rate.<\/p>\n<h2>Ethereum has Had Positive Returns for 10 of the last 12 Months<\/h2>\n<p>Ethereum would go on to rise gradually over the next 12 months, posting a new all-time high of $2,036 on the 20th of February, 2021. With respect to monthly returns, <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-investors-withdraw-659k-eth-from-crypto-exchanges-in-one-hour\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum investors<\/a> have experienced positive gains in 10 of those 12 months as illustrated by the screenshot below courtesy of Bybt.com.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th.jpg\"><img class=\"aligncenter size-large wp-image-566223\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-1024x291.jpg\" alt=\"\" width=\"1024\" height=\"291\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-1024x291.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-300x85.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-770x219.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-500x142.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-240x68.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th-717x204.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Ethereum-monthly-returns-Mar-26th.jpg 1340w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Ethereum Could Be Setting up for New highs in April<\/h2>\n<p>To note is that Ethereum opened the month of March 2021 at a value of $1,424. Chances are that Ethereum closes the month of March firmly above this value and confirming a 6th straight green month for ETH beginning October 2020.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th.png\"><img class=\"aligncenter size-full wp-image-566224\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th.png\" alt=\"\" width=\"1005\" height=\"585\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th.png 1005w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th-300x175.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th-770x448.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th-500x291.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th-240x140.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/ETHUSDT-March-26th-717x417.png 717w\" sizes=\"(max-width: 1005px) 100vw, 1005px\" title=\"\"><\/a><\/p>\n<p>Additionally, from the above ETH\/USDT daily chart, Ethereum could be on a path towards another green month of April as shall be explained.<\/p>\n<p>To begin with, yesterday&#8217;s crypto-wide meltdown saw Ethereum post a local low of $1,537. This in turn means that <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-sets-new-ath-of-1500-as-amount-staked-on-eth-2-0-hits-4-3b\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">the $1,500 price area<\/a> is a strong support zone moving forward. Secondly, despite the selling pressure evident in the last week, the daily MFI and RSI are hinting of a trend reversal as the month of April approaches.<\/p>\n<p>Thirdly, 608,000 Ethereum quarterly options <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1375348697563734017\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">expired on the Deribit exchange<\/a> earlier today thus reducing the amount of selling pressure surrounding ETH. Similarly, Ethereum futures on several platforms such as Bitmex and CME, also expire today, March 26th.<\/p>\n<p>Fourthly, Ethereum has a lot of fundamental factors that will likely push its value higher in the days to follow. They include:<\/p>\n<ul>\n<li>the implementation of <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-eip-1559-stimulus-checks-could-send-eth-back-above-2k\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">EIP-1559<\/a> during the Berlin upgrade that is estimated to occur on April 14th, 2021<\/li>\n<li>Ethereum balances on crypto exchanges have been in a state of constant decline pointing towards staking on ETH2.0, locking of ETH on DeFi, and cold storage<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In brief: Ethereum&#8217;s monthly returns have been positive for 10 of the last 12 months Ethereum is well on its way towards closing March on a positive note The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April The digital asset of Ethereum has had a volatile few days and the turmoil might have caused many traders to forget that ETH was valued at roughly $100 only one year ago. The latter price level was [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":58124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[108223,1322,108122,108194],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566221"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566221"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/58124"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}