According to analysts from #Bitfinex , Ethereum (#ETHđ„đ„đ„đ„ ) has historically shown strong returns in the fourth quarter. However, they note that while $ETH tends to perform well during this period, the broader #Altcoinmarket exhibits mixed results, meaning not all altcoins experience similarly positive outcomes in Q4.
Best Periods for Ethereum and Altcoins
Historically, the first quarter of the year has been the most favorable period for both Ethereum and altcoins. The second quarter often brings solid gains as well, though not always to the same extent as the first quarter.
Limited Historical Data for ETH and Altcoins
The analysts point out that data for Ethereum and #altcoins is more limited compared to #bitcoinâïž . ETH only began trading in the second quarter of 2016, while most major altcoins have emerged in the last three to four years. As a result, the statistical sample is smaller and less stable compared to Bitcoin, which has a longer trading history.
Optimism on the ETH Futures Market
Another factor driving optimism for ETH is data from the futures market. According to data from Coinglass, the open interest-weighted funding rate for ETH has been trending positively since the end of July, when an unexpected rate hike by the Bank of Japan triggered a broader sell-off in risk assets. This positive funding rate indicates ongoing confidence in the future performance of ETH, despite market volatility.
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