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Bitfinex analysts have highlighted Ethereum’s (ETH) historical performance in the fourth quarter, noting that while ETH typically posts strong returns during this period, the broader altcoin market tends 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 occasionally produced strong gains, according to analysts.
Despite these trends, analysts caution that historical data for ETH and altcoins is more limited than for Bitcoin. “It is worth noting that data for ETH and altcoin returns is quite dynamic and relatively small compared to Bitcoin, as ETH only started trading in Q2 2016 and most of the top 100 altcoins by market cap were created only in the last three to four years,” Bitfinex analysts wrote.
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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 trending positive since late July, when the unexpected rate hike by the Bank of Japan triggered a broader risky asset sell-off. This positive funding rate suggests continued confidence in ETH’s future even amid market volatility.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-is-the-fourth-quarter-historically-for-ethereum-and-altcoins-analysts-explained/" rel="noopener noreferrer nofollow">How Is The Fourth Quarter Historically For Ethereum And Altcoins? Analysts Explained</a>

How Is The Fourth Quarter Historically For Ethereum And Altcoins? Analysts Explained

Bitcoin Sistemi EN

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