Helloooooo out there in the world of Crypto!
My name is Trevor and today we are going to look at Ethereum's Historical Monthly Chart for March 1st, 2022!
If you are looking at this chart for the first time and are a little bit confused, do not worry.
For a better understanding of what we are looking at here with Ethereum's price.
Make sure you check out the video or the article below for a more detailed explanation.
Ethereum has Closed in February and Opened up in March at a price of $2,919.20.
While that may still seem like it is on the lower side of things it actually turned February into a Green month!
Now to be fair, we could still get a massive dump so this doesn't quite mean go all in.
In fact, if you haven't heard the world is kind of on edge right now more so than usual.
Now is definitely not the time to be going all into anything.
It's also no excuse to panic sell and/or stay completely out of the market.
Before I continue though first I must say.
My prayers and thoughts go out to the people of Ukraine and the rest of the world right now!
None of us asked for this to happen so we make the best of what we have and trudge on.
Sadly though, however, War Economy is actually a Bullish thing for crypto and traditional markets too.
My only hope is that no matter what happens, everything ends peacefully and quickly.
Ethereum is great and all but spending time with loved ones and people you care about should be priority number one right now.
Only after we have cleared our heads and spent valuable time where it matters most, will any of us be able to block out the noise to focus on the times ahead.
Once you're able to block out what's going on and feel like it's time to do some serious planning, March is the best time to prepare!
While Bitcoin may dominate the markets, Ethereum also has its own way of leading the markets.
If your risk tolerance can handle it, these are the best times to start pacing yourselves.
Whether you are selling or buying, pace 👏your 👏 self 👏people!
If Ethereum ends up being your weapon of choice, you could very well be in a lot more luck than most this year!
I personally am very Bullish on Ethereum still even after the latest tragic events have been unfolding.
The Ethereum Flippening is still very much a thing and not out of the cards by any means.
Ethereum 2.0 is willing to ignore the noise and take on the noise if you are Vitalik Buterin!
Gas Fees have also come down and steadied out a little bit more although still a bit rough for most.
Then with only 2 months of Red recently for Ethereum here on our Historical Data Chart.
The future of Ethereum is looking brighter than ever!!!
We got February to flip into a Green month and we could see very green pastures ahead sooner than expected.
Rolling out Ethereum 2.0 feels like forever, I know.
Tons of people are misinterpreting the steady rollout of these changes as being weak for the world's second most popular cryptocurrency.
People continue to flee to layer 2 solutions to satisfy their degenerate spending habits
Yet, what many of them don't know or just plain forget?
It's that many of these solutions rely on Ethereum in order to operate.
No more Ethereum, no more operation.
The truth here is that Ethereum needs to stick around if all of these other altcoins plan on leeching from it for the rest of their lives.
Meanwhile, competitors to Ethereum will work on ways to work both independently and across the aisle with the larger cryptocurrency ecosystem.
That way in the event Ethereum does fail for whatever reason, there is at least some sort of alternative to keep us there.
An entire empire is being built right now and it has always been mainly because of one thing!
That thing is Ethereum.
These factors as well as many others are on track still to outpace the rate at which Ethereum competes with Bitcoin.
On the extremely fearful side of things, however, it is very much possible some sort of catastrophe can change all of this.
And I don't just mean nukes to put it bluntly...
Burning tokens is the hottest trend in crypto right now but it doesn't come without its risks and consequences!
When it comes to burning any kind of currency, it can very quickly backfire.
Add digital into that mix and you're just adding more ways for it to backfire.
Some would argue that Ethereum is too aggressive with how it is burning tokens leading to the type of backfire that could cripple the entire network.
That's not to strike fear in you but it is definitely something to look out for!
I predict that Ethereum will do just fine this year and while it may not totally outpace Bitcoin in the most shocking way.
It is, in my opinion still a very great alternative to Bitcoin if you are trying to safely maximize your gains without getting in too deep.
Thanks, everyone for checking out the monthly historical chart for Ethereum, stay safe out there,
and I hope you all have another BEAUTIFUL day in crypto!
This is Trevor's signature 🦰
Below are referral links to Cryptocurrency places I love and have been using for years!
Sign-up after using my links and we will get extra bonuses like free Bitcoin and Stablecoins 😎
Check out my website