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Ethereum‘s best month ever puts $7K ETH price within reach
Ethereum’s native token, Ether, is on track for its highest monthly close, above the current record high of around $4,955. This move could unlock as much as 60% further upside by year’s end. Whenever ETH closes August in the green, the following months have historically delivered about 60% on average returns. In August 2017, 92.9% gains set the stage for another 91% rally into year-end, fueled by the initial coin offerings (ICO) euphoria, according to data resource CoinGlass. In 2020, ETH added 25.3% in August before surging 69% from September to December, with November alone bringing in 59% profits as DeFi ... (full story)
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