Bitfinex analysts, Ethereum (ETH) Noting its historical performance in the fourth quarter, he noted that while ETH has generally achieved strong returns during this period, the broader altcoin market has tended to show more mixed results.
Historically, the first quarter has typically been the most favorable period for both Ethereum and altcoins, while the second quarter has also occasionally produced strong gains, according to analysts.
Despite these trends, analysts warn that historical data for ETH and altcoins is more limited compared to Bitcoin. Bitfinex analysts wrote, “It is worth noting that the data for ETH and altcoin returns are quite dynamic and relatively small compared to Bitcoin, as ETH only started trading in the second quarter of 2016 and most of the altcoins in the top 100 by market cap have only been in the last three to four years.” “It was created within.”
Further optimism for ETH can be seen in the futures market. Data from Coinglass shows that ETH’s open interest-weighted funding rate has been positive since late July, when a broader risk asset selloff was triggered by the Bank of Japan’s unexpected interest rate hike. This positive funding rate signals continued confidence in the future of ETH, even amid market volatility.
*This is not investment advice.
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