- Altcoin ETH price chart signals correction coinciding with bearish red month September.
- Many analysts have predicted September to be a red month.
- Historically, when ETH is green in August, it experiences a correction in September.
The price of ETH recently broke past the $4,800 price range and nearly reclaimed its previous ATH price just short of $4,900. Analysts have noticed that Ethereum’s bullish pump in August will likely lead to the month closing in green. Historically, a green August is followed by a correction in September. Thus, ETH price chart signals a correction coinciding with the bearish red September prediction.
ETH Price Chart Signals Correction in September
The pioneer altcoin Ethereum (ETH) has had a slow start this bull cycle. To elaborate, most analysts expected the price of ETH to hit new ATH prices in Q1 of 2025. This is also when the altseason’s peak phase was expected, as based on historical price movements, a bull cycle’s altseason phase has always arrived in Q1 following a Bitcoin Halving year. However, in this cycle, the pattern was broken due to BTC’s early pump.
In detail, the price of BTC went on to set a new ATH before the Bitcoin Halving event took place, for the first time ever. This led to an early BTC price pump as Bitcoin set a string of new ATH prices, but altcoins barely pumped. In Q1, following the Bitcoin Halving event, the price of BTC went on to experience a massive correction, truly allowing altcoins to bottom with ETH bottoming at $1,700.
Since then, Ethereum (ETH) and legacy altcoins have been slowly and steadily pumping to set higher ATH prices. Over the next two quarters, the price of Ethereum (ETH) went on to reclaim major bull targets from $2,700 to $3,700, and now to the $4,700 price range. In fact, ETH finally broke past $4,800 over the last week, leading to expectations for ETH to reclaim its previous ATH price and enter its price discovery phase.
Bearish Red September Expectations Grow
Only one analyst expected the correction that took place in Q1 of 2025, and he is the infamous Doctor Profit , who now expects another correction in the month of September. To highlight, the analyst expects BTC to fall to 5-digit prices, leading to a month-long correction phase, making September a bearish red month. Historical patterns also support this bearish prediction, although he remains highly bullish for the long term.
As we can see from the post above, another indicator for a bearish September comes to light This reputed crypto investor and analyst highlights how, historically, any time the price of ETH has been green in August, it has seen a correction in September . This matches Doctor Profit’s prediction for a bearish red September. Thus, the analyst concludes, if this pattern holds and the market sees an ETH dip next month, many institutions will likely aggressively buy the dip.
