Ethereum Faces Historic Monthly Loss as Clock Ticks on Last 96-Hour Rebound

• Ethereum risks closing the month red as final trading hours approach
• Key analysts warn a negative close may mirror past bear cycles
• Heavy selling and low volume tighten pressure on Ethereum’s short-term price

Ethereum is heading into the final stretch of the month under intense selling pressure as price weakness dominates market sentiment. With less than 96 hours remaining, the asset risks closing the month red and setting an unwanted historical record. However, Ethereum has already declined 13.92% over the past 365 days, reflecting one of its weakest yearly performances. Consequently, the focus has shifted to whether a late rebound can still alter this trajectory.

According to analyst Ted Pillows, a negative monthly close would confirm Ethereum underperformed across three quarters of the year. Besides that, such an outcome would mirror price behavior last seen during the 2018 bear market. Earlier in the year, Ethereum enjoyed renewed optimism after breaking above $4,000 in August. Moreover, traders widely expected continued upside momentum and a possible extension toward the $5,000 level.

That optimism faded as selling pressure intensified and price stability weakened. Hence, Ethereum failed to hold above $3,000 after mid-December, increasing short-term uncertainty. At the time of writing, Ethereum trades at $2,929.60, reflecting a 1.13% decline over the past 24 hours. Additionally, the asset moved within a narrow range between $2,894.95 and $2,983.69.

Trading activity also slowed notably during this period. Significantly, volume dropped 27.6% to $12.19 billion as market participants adopted a cautious stance. Despite the downturn, historical data presents a conflicting narrative for December. Over the last 10 years, Ethereum averaged gains above 5% during the month.

Notably, the strongest December performance occurred in 2017 when Ethereum surged by 70%. However, current conditions suggest history may not repeat itself this time. So far this year, Ethereum only exceeded its monthly average in May, July, and August. Those months delivered gains of 41.1%, 48.7%, and 18.7% respectively.

Also Read: XRP Price Prediction 2025–2029: Can XRP Break Above $2.00 Soon?

Selling Pressure Intensifies as Key Wallets Reactivate

Beyond price action, community developments have added pressure to Ethereum’s short-term outlook. According to on-chain data, a wallet suspected to belong to Erik Voorhees reactivated after nine years. That wallet subsequently sold $13.42 million worth of ETH, adding to existing market supply. Consequently, sentiment weakened further as traders reacted to the unexpected movement.

Similarly, JAN3 CEO Samson Mow confirmed the liquidation of all Bitmine Ethereum holdings. Moreover, Mow stated the company would now focus exclusively on Bitcoin. Such decisions often influence broader sentiment during periods of low liquidity. Hence, these moves reinforced bearish expectations heading into the month’s close.

Even so, sections of the community remain optimistic about the longer-term outlook. Many investors believe current weakness may set the stage for a recovery cycle in 2026. Ethereum’s immediate fate rests on its performance over the final trading sessions. Consequently, the next 96 hours may decide whether the asset avoids a historic monthly loss.

Also Read: XRP Exchange Supply Shrinks as ETF Demand Tightens Available Liquidity

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