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Been looking at ETH's historical performance on June 1st, and there's actually a pretty interesting pattern here. Back in 2016, ethereum price was just $13 — wild to think about now. Fast forward through the years and you see some crazy swings. 2021 was the peak at $2,395, then it cooled down the following years. This year started at $3,780 but we're sitting around $2,520 as of early June.
What caught my attention is that June hasn't been kind to ETH historically. On average, it drops about -6.77% during this month, and only 3 out of the last 9 Junes actually went green. That's a pretty brutal track record for a single month.
So here's the real question — will this June break the curse or follow the trend? Given the history, I'd be watching the next few weeks carefully. ETH has shown it can surprise us, but the data isn't exactly encouraging for June bulls right now.