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.

ETH-2,28%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
MagicBeanvip
· 15h ago
Nine months of continuous decline? Is that true for ETH? It feels like it went up this week...
View OriginalReply0
BlockchainBardvip
· 15h ago
Nine months of continuous decline? ETH's recent performance is really disappointing. Only true enthusiasts can withstand this, right?
View OriginalReply0
NotFinancialAdvicevip
· 15h ago
Nine months of continuous decline? Wow, how bad is that? If the support level breaks again, there's really no hope.
View OriginalReply0
Rugman_Walkingvip
· 16h ago
9 months of continuous decline? Is ETH trying to go bankrupt? Truly incredible. --- Support levels again and again, every time talking about support levels, but what’s the result? --- If it really reverses this time, I’ll eat my hat. Anyway, it’s not worth much anymore. --- Volume pattern... I just want to know when I can break even. --- Damn, red shadows again, my shadows are almost black. --- Reversal? Bro, you’re overthinking it. --- 9 months haha, it really feels like 9 years. --- The real question now isn’t whether it will reverse or not, but if there’s anyone still here.
View OriginalReply0
BuyHighSellLowvip
· 16h ago
9 months of continuous decline, this pace is really incredible, feels like ETH is bottoming out --- Here come the support levels, trading volume... I'm tired of this rhetoric, anyone who sees a reversal now just claims they predicted it --- Let the red shadows continue to spread, anyway my cost has already been recovered haha --- Oh my, this drop pattern, I really don’t dare look at my wallet --- Winning streak? Don’t hype it up, the history is so long that we've already experienced worse, just endure it --- Support levels breaking again and again, is this time really different? I don’t believe it --- 9 months... should I cut my losses or hold on tight, this is really a dilemma --- The term "profit-taking pressure" is really funny, who had profits 9 months ago... --- Reversal? Let’s wait a bit longer, feels like it hasn’t dropped enough
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)