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Historically, the Ethereum price has been very bullish for the first quarter of the year, with a few exceptions, and the month of March has been no different from the first two months of the year. Therefore, as the market ushers in another month of March, this report takes a look at the performance of Ethereum this month, and if this historical performance can point out where the second-largest cryptocurrency by market cap could be headed.

Ethereum Is Ushering In A Bullish Month, But There’s A ‘But’

According to historical data from the CryptoRank website, the month of March has been one of the most bullish in history. Since its inception in 2015, only the months of January and May have surpassed the month of March in terms of average returns.

Looking at the number of years that the month of March has ended in the green, only the months of January and February can match it. Simply put, March has historically been one of the best months for investors who hold ETH. In that case, the probability of this month ending in green is also high.

As the website shows, over the last 10 years, there have been only three years where the month of March has ended in the red for Ethereum. Taking the monthly returns into account, it comes out to an average 23.7% for Ethereum in March.

However, there is a hitch due to the fact that the first three months of the year have often moved in tandem. There have only been a few years of deviation, and given the trend that the year 2026 has begun with, the Ethereum price might be in trouble.

Despite the high average returns, the months of January and February 2026 have both ended in the red. The former saw a 17.7% decline, while the latter has seen a 19.6% crash. If this trend plays out as it has in history, then the likelihood of March ending in the red has just become higher.

While it is too early to tell where the price might end, there has already been a lot of uncertainty. This is because ETH has continued to skirt around the $2,000 level, with no indications that an upward move is imminent. If it follows the months of January and February, then the Ethereum price could be looking at a double-digit crash.

Featured image from Dall.E, chart from TradingView.com

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The Ethereum price has not been able to maintain its red-hot start to the year’s second quarter, with the altcoin’s value still pretty much around where it was at the start of June. This sluggish performance comes despite the consistent capital inflows witnessed by the US-based spot Ethereum exchange-traded funds (ETFs) in the past four weeks.

ETH ETFs Snap 19-Day Positive Inflow Streak

However, this positive record came to an end on Friday, June 13th, with the spot ETH ETFs registering their first net outflow in the past 20 days. According to the latest market data, the crypto-linked financial products posted a total daily net outflow of $2.14 million to close the week.

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This round of withdrawals could be linked to the escalating tensions between Israel and Iran on Thursday evening, with risk assets like crypto and stocks feeling most of the impact. Data from SoSoValue shows that the Fidelity Ethereum Fund (with the ticker FETH) contributed to most of the withdrawals on the day, recording a net outflow of $8.85 million.

Grayscale’s Ethereum Mini Trust (ETH) was the only other fund that recorded any significant activity, posting a positive net inflow of $6.67 million on Friday. Cumulatively, the activities of these two exchange-traded funds led to a negative outflow day, ending the 19-day positive inflow streak.

Nevertheless, this single-day performance barely made a dent in the Ethereum ETFs’ record over the past week, which stands at $528.12 million. This significant performance extends the exchange-traded funds’ weekly streak to five consecutive weeks of positive inflows — registering a total capital influx of $1.384 billion in that span.

Ethereum Price And Growing Spot ETF Demand

As seen with Bitcoin and its spot ETFs, the Ethereum price tends to react to the activity of the ETH exchange-traded funds investors. As such, periods of significant capital inflows for the spot ETFs have been correlated with upward price movements for the cryptocurrencies.

However, the price of Ethereum didn’t exactly follow this trend during its recent 19-day period of substantial capital inflows. This positive streak started on May 16, with the Ethereum price ranging between the $2,500 and $2,600 region on the day.

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While the altcoin’s price has exceeded this level since then, it has not been able to mount a sustained upward run. Recently, the Ethereum price broke above the $2,800 level on Thursday, June 12, before crashing down towards $2,500 due to the military actions in Asia.

As of this writing, the price of ETH stands at around $2,511, reflecting an over 1% decline in the past 24 hours. With the Ethereum price still pretty much where it was at the start of the positive ETF inflow streak, there is a worry about what could be holding back the second-largest cryptocurrency.

Featured image created by Dall-E, chart from TradingView

After Elon Musk has broken his silence in response to a user poll on Twitter asking whether he should resign as CEO of the social networking firm, the value of Dogecoin (DOGE) has been steadily declining.

The privacy-based Mimblewimble Extension Blocks (MWEB) upgrade for Litecoin (LTC), which was completed in May 2022 and increased the currency’s possibility of becoming the preferred payment method for private transactions, has been Litecoin’s (LTC) biggest upgrade this year. On the other hand, a new entrant, Snowfall Protocol (SNW), is performing very well in presale stage 3.

Dogecoin (DOGE) Performs Poorly after Elon Steps Down as Twitter CEO

Elon Musk asked the question on Twitter on Monday, and it received over 17.5 million responses in the course of two days. 57.7% of voters would like the billionaire to leave his position as CEO of Twitter, according to the final results, while 42.5% do not. Following his announcement, Dogecoin’s (DOGE) price fell. After buying Twitter in November, Musk has controlled the company for about two months.

His influence on the platform over that time has been both significant and divisive. The price movement of Dogecoin (DOGE) closely follows Musk’s online and offline activity. Dogecoin (DOGE) reached a market high of $0.11172 on December 5; however, growing sell pressure since that point has led to 37% decline, which reached a low of $0.07003 on December 19.

The current Dogecoin (DOGE) price is $0.07, with a $484 million 24-hour trading volume. In the past 24 hours, Dogecoin (DOGE) has decreased by 3.44%. Dogecoin (DOGE) has been performing poorly given certain level dependence of the token on Elon’s activities, which can be a sign of worry for investors.

Litecoin’s (LTC) MWEB Upgrade Happens to Be Among the Biggest of the Year

The biggest improvement to date for Litecoin (LTC) is MWEB. In May 2022, the privacy enhancement that was first proposed as a Litecoin (LTC) enhancement idea in 2019, was actually put into action. The MWEB protocol, which may be used to transmit coins to the extended block and back to the primary chain, is described as an extension of the Litecoin (LTC) network on the company’s website.

Users would be given the choice to send private Litecoin (LTC) payments, with which the quantities sent are known only to the sender and recipient, according to information on the project’s website. The change will also enable MWEB addresses to conceal account balances and boost transaction speed on Litecoin (LTC) network.

The addition of the privacy option has, however, brought Litecoin (LTC) some criticism. Centralized cryptocurrency exchanges in South Korea have removed Litecoin (LTC) from their platforms, citing the risk of laundering money and public endangering through anonymized digital asset transactions, according to a press release from Bithumb. With a 24-h trading volume of $481 million, the live price of Litecoin (LTC) is $67.68. In the past 24 hours, Litecoin (LTC) has decreased by 3.17%.

Snowfall Protocol (SNW) Flourishing in Its Presale Stage 3

The blockchain interoperability use case of Snowfall Protocol (SNW) has already created a lot of excitement in the cryptocurrency market. The release of a dApp prototype of Snowfall Protocol (SNW) is one of the main factors contributing to its success. Investors trust in Snowfall Protocol (SNW) platform’s capacity to deliver on its promise of offering a decentralised scalable blockchain solution.

Due to strong demand and sell-out, stage 2 of Snowfall Protocol (SNW) presale ended one day earlier than planned. On January 3, 2023, the final phase of the presale will end, and analysts are optimistic about Snowfall Protocol’s (SNW) exceptional success. Analysts predict that Snowfall Protocol (SNW), which is currently selling at $0.14, might soar by 5000% following its official launch.

Conclusion

Snowfall Protocol (SNW) is doing great, and investors are suggested to buy-in to reap the profits in the near future. While Dogecoin (DOGE) and Litecoin (LTC) have a lot going on for them, their performance still seems bleak.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!

To learn more about Snowfall Protocol, visit: Presale, Website, Telegram, Twitter.

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• 2022 has been bloody for both of the two largest crypto tokens, Bitcoin and Ethereum, as they lost between 60-70 percent of their market value.
• Musk can’t solely influence the price of DOGE and SHIB; both projects must work in 2023 to avoid sinking further.

2022 has been a year of the unexpected in the digital asset industry, and it’s fair to say any comparison can be a rational thing to do in this case. The crypto market’s bearish trend grabbed the headlines in the year so is Elon Musk, the ardent Dogecoin supporter who has been the most prominently featured personality in the news. Meme crypto assets like DOGE and SHIB occasionally react to Musk’s actions and activities.

However, the new Twitter owner could do little to influence the price of the assets in 2022. This year has been bloody for the two largest crypto tokens, Bitcoin and Ethereum, as they lost between 60-70 percent of their market value. The same can be said of other digital assets connected to the billionaire tech entrepreneur. Interestingly, the stock price of Musk’s electric car-making firm, Tesla, has dipped 64.42%.

Also, the prices of Dogecoin and Shiba Inu dipped 54.36 percent and 75.22 percent, respectively, in the same period. Apart from this, speculation is that Twitter may have snatched Tesla’s shine by taking most of Musk’s attention from his most important project. The reason for the rumor is that stocks from rival electric car manufacturers like Ford and General Motors outperformed that of Tesla in the same timeframe.

In a recent tweet, the co-founder of Epsilon Theory, Ben Hunt, noted that it sounds strange that only Tesla was impacted by the macroeconomic effect and not Ford or GM, with the two seeing a 1 percent and 8 percent increase while Tesla recorded a 41 percent decrease.

Is Twitter Responsible for Tesla’s Slump?

Following the billionaire’s completion of his Twitter takeover in October, Tesla’s share price witnessed a market free-fall in the same period, which makes observers note that Tesla might be struggling to share Musk’s influence with another firm. In a rather unusual remark, the CEO of Gerber Kawasaki Wealth Management, Ross Gerber, disclosed that the Tesla stock fluctuation reflects that of a company with no head.

According to Gerber, Tesla may need some assurances from Musk to put things in order when he returns from Twitter. However, Musk did not hesitate before responding to Gerber’s remarks by requesting that the latter go back and consult his Securities Analysis elementary texts.

What Next for Dogecoin, Tesla, and Shiba Inu

It is difficult to say what is the next step for the three Musk-linked entities, but things might change for the better in the coming days. Meanwhile, Musk is seeking a new CEO for Twitter after he conducted a poll where most respondents want him to step down. If Musk can take charge of only the software and server units on Twitter, he may have the time to focus on his other company.

As for Dogecoin and Shiba Inu, 2022 indicates that the billionaire alone cannot do it all, and they will have to put in the work in 2023 to avoid sinking further.