{"id":567624,"date":"2021-06-30T17:59:05","date_gmt":"2021-06-30T14:59:05","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567624"},"modified":"2021-06-30T17:59:05","modified_gmt":"2021-06-30T14:59:05","slug":"ethereums-monthly-returns-in-june-are-its-lowest-since-march-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereums-monthly-returns-in-june-are-its-lowest-since-march-2020\/","title":{"rendered":"Ethereum’s Monthly Returns in June are its Lowest Since March 2020"},"content":{"rendered":"
The digital asset of Ethereum (ETH)<\/a> is on track towards closing the month of June 2021 with -21% in returns. At the time of writing, Ethereum is trading at $2,130 with a few hours till the monthly close.<\/p>\n If Ethereum maintains its price at current levels, the month of June will be the worst month for ETH since March 2020 when Coronavirus was declared a pandemic<\/a>.<\/p>\n Ethereum’s monthly returns have been visualized in the following table courtesy of Bybt.com.<\/p>\n <\/a><\/p>\n From the data above, it can be observed that Ethereum’s monthly returns in March 2020 stood at -38.98%. Ethereum would then go on to experience considerable gains in the crypto markets with the months of April and May 2020, closing with double-digit gains.\u00a0As is the case right now, June 2020 closed with negative returns.<\/p>\n On the bright side, nine out of the last twelve months have been positive ones for Ethereum in terms of returns.<\/p>\n Ethereum’s performance is more encouraging when viewed in terms of quarterly returns. According to Bybt.com, ETH is on track towards closing Q2 2021 with 11.15% in returns. Additionally, Ethereum<\/a> has closed its last six quarters in the green as seen in the following table courtesy of the tracking website.<\/p>\n In terms of price action, not much has changed<\/a> for Ethereum as ETH is still trading above the crucial $2k support and the 200-day moving average. The $2k price area is once again the level to watch during tonight’s monthly close for Ethereum.<\/p>\n9 out of 12 Months Have Been Green For Ethereum<\/h2>\n
Ethereum is on Track Towards Closing Q2 with 11.15% in Returns<\/h2>\n
<\/a>Ethereum Continues to Defend the $2k Support and 200-day Moving Average<\/h2>\n