Ethereum historical monthly chart - february 1st, 2022

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Helloooooo out there in the world of Crypto! 

My name is Trevor and we now have this year's 1st monthly close to add to Ethereum's Historical Monthly Chart for 2022. 

Put down all that bitter fud you've been chewing on lately and check out the updated chart!

Now if you are looking at this chart for the first time and a little bit confused, do not worry. 

For a better understanding of what we are looking at here with Bitcoin's price.

Make sure you check out the video or the article below for a more detailed explanation of this chart. 

https://www.publish0x.com/trevor-balthrop/bitcoins-historical-monthly-chart-explained-xpplynr

https://youtu.be/8OrOJsz4etg

For January, we have now ended with a price on Ethereum of $2,688.28 

February now opens at $2688 setting the bar for next month's close/open. 

January ended up being an absolutely terrifying month for a lot of people including those in markets outside of Crypto! 

Ethereum was no different as it ended up taking a massive dip with everything else as well. 

This was to be expected though considering what goes up must come down! 

In addition to this, the trend was clearly one that was going down. 

The trend is your friend, until the end!

I'm afraid the end is not over and February could end up proving to be pretty frustrating for many too. 

Bitcoin may help lead a lot of the markets right now but unlike Bitcoin, with Ethereum, we are actually only 2 months in the Red now. 

Could that be a sign of what's to come in February here? 

The obvious thing to expect right now is that prices will continue to fall, at least, until the trend has ended. 

Now that Ethereum has ended two months in the Red, this doesn't mean February has a higher chance of flipping back to Green. 

Sometimes that might be the case but not here necessarily! 

If Bitcoin continues to claw away at regaining some of its dominance back in the market. 

We could easily see Ethereum ending 3 months in a row Red. 

It could still do this and also maintain the ability to flip Bitcoin later this year too. 

So it's not necessarily a Bullish thing, but if you're flipping currencies, it's a huge deal for those looking to load up on more Ethereum using their Bitcoin hodling. 

In my own personal prediction (and of course is in no way professional financial advice) I believe that Ethereum will end Green despite what the trend is telling us. 

Now of course my prediction could end up being terribly wrong but I have my reasons! 

Bitcoin and Ethereum are entering fiercer and fiercer competition every single day and Bitcoin has just done quite a number on the rest of the crypto market. 

Despite this happening, investors are still aiming to accumulate Ethereum more for whatever their own reasons might be. 

Ethereum could be building up enough power from this latest downtrend to try and reverse the tide soon to capture back a lot of that market. 

This could very well mark the beginning of Ethereum's Flippening on Bitcoin leading to a pretty Bullish stand-off between the two. 

On the Bearish side of things, however, that's really optimistic outlook of where I think things are going. 

The markets are still going down and could keep going down for a long time. 

If you're not prepared for months upon months of Red candles, you probably shouldn't be buying right now. 

At the very least you could be Dollar Cost Averaging if it isn't going to hurt you too badly in a worst-case scenario type of situation. 

If we are truly in a Crypto Winter as many have been calling for. 

The good news is, we have likely already suffered the worst part of it. 

The last Crypto Winter occurred back in 2018 and last a tragic 7 months! 

February would mark us being halfway through a Crypto Winter assuming it lasts just as long. 

Worst case scenario it lasts longer than 7 months, which is hard to imagine but still very important to consider! 

Whatever you decide to Buy between now and the next several months, be prepared to have to hodl onto it for a long time if things go south. 

If you can't hodl onto something for 1 year without selling, you're asking for bruising in the future if you're not careful! 

While we might be in a mini bear market or a full-fledged crypto blizzard, this doesn't change the fact that massive adoption is still incoming. 

Time in the market is what will change your future financially! 

Do you think this year will be Bullish or Bearish?

Be patient, stay safe, and don't get too crazy out there! 

Thank you for checking out Ethereum's Historical Monthly Chart and I hope everyone has another BEAUTIFUL day in Crypto!  

This is Trevor's signature

and article!

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Crypto.com

https://crypto.com/app/2eweb7tamb

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Coinbase & COINBASE Pro

https://coinbase.com/join/balthr_y

https://phemex.com/bonus?group=943&referralCode=DVI9P

Check out my website 

www.TrevorBalthrop.com

Regulation and Society adoption

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