Home Altcoins News The Paradigm Shift of Ethereum in 2021 and Profits on 90 Day ROI

The Paradigm Shift of Ethereum in 2021 and Profits on 90 Day ROI

Ethereum

The price of Ethereum is making it to a new paradigm shift.  You Tube handle from Benjamin Cowen, with more than 336K subscribers have published about 2021 planning for Ethereum.

The data studied is the 90 days ROI from year 2015 through 2020; however, the details are without including inflation and gas fees.  Regardless, it just looks like there is a little bit of a low in the middle of the year.  Considering trends might repeat, it is important for an investor to understand the implications. And, how does it affect things.

The channel prescribes that the best part is to focus on the long-term goal.  However, acknowledging there is nothing wrong with taking some profits along the way. “You have to live life, there is nothing wrong in taking some profit out of the table, but let us focus on the long haul here.”

There is a graph which shows the 90 days ROI for 12 months from year 2015 through 2020.  It has been see that as the readings for the average ROI for 90 days getting later in to April begins to come down a little bit.

During June, historically speaking does not appear to generally be the best time to buy Ethereum for those who are looking at the 90 day ROI. For those who are looking at the four-year ROI probably yes. For those who are looking at a 4-year ROI based on past records it is still at 2x.

The 90-day ROI does not seem to be the best for buying in June, July and August.

Why does it not tend to be the good? It is funny because it is counter intuitive, but a lot of times you will have these major moves by Ethereum.   This will also have a local top or when things tend to cool down for a while, it does not necessarily imply that it is having a major retracement.  It could just imply that it is cooling down for a while and gearing up for whatever is the next move.

Because when you look at the Average 90-day ROI for June, July and August – it just looks like if you buy the Ethereum in June and sell it in September there might not be lot of profit. However, it has also been stated that the average ROI will deviate a lot many times.

We recognize right now that we are in a very, very bullish time.  The price of Ethereum is just going up very and lot of investors are very happy about it. Considering the past trends that the price of Ethereum has been going down during June, July and August might not necessarily give one the best short term ROI. 

Considering all this when setting the expectation for year 2021, it has been seen that many times in terms of the ETC/BTC the value of ETC has been bleeding. And, this is one reason for why the ROI during summer will not be that great.

Conspiracy theory: Technical Analysis is a self-fulfilling prophecy since all the whales are well lectured about it and follow it accordingly, and they are the ones to move the prices.

Warning:  Not an investment advice.  Just for Educational Purpose! Follow, Benjamin Cowen for intricate details.

Read more about:
Share on

James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×