cryptohopper

Ethereum’s 145-Days Cycle Calls for a Rally in December

COINBASE:ETHUSD   Ethereum
Since the start of the year, Ethereum's (ETH) price has followed a 145-day low-to-low cycle that now calls for a rally in December. Historically, the Ethereum price has a clear seasonality, with a tendency to produce high median returns in December.

ETH 145-Days Cycle
This cycle shows ETH's tendency to bottom every 145 days or so. ETH's price has followed this cycle very closely as follows:
• On January 23, 2022, we had the first major low of the year.
• 145 days later, we had the second major low for the year in mid-June.
• On November 10, 2022, Ethereum printed another low, which is precisely 145 days from the previous low.

The last 145-days cycle low also coincided with the FTX-driven crash, making it more relevant.

We can distinguish an almost perfect symmetry between ETH's peaks and troughs, and the 145-days low-to-low cycle can also be observed as measured from high to high. There has been a 133-day high-to-high cycle since the start of the year.

This means that every 133 days, we can expect the ETH price to make a high as measured from the previous high. If we project the 133-day cycle from the most recent high (August 14), we can expect the next cyclical high to develop on December 25.

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-Cryptohopper-
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