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Ethereum is staring down what could be its 9th consecutive red monthly close in 2024. That's quite the losing streak. When an asset bleeds that many months in a row, you're looking at something pretty significant—whether it's profit-taking pressure, macro headwinds, or just the market cycling through different narratives. The question now is whether we'll see a reversal this month or if the red ink keeps flowing. Traders watching ETH need to keep an eye on support levels and volume patterns to spot any potential turning points.