Ethereum Roars Back with 20% Gain, Can it Keep Rallying in August?

Ethereum has made a significant comeback in July, ending the month at around $1,900 after initially dipping towards $1,500.

This represents a strong surge of approximately 20%, outperforming Bitcoin's 9% gain during the same period.

While August has historically been a challenging month for Ethereum, with six consecutive red months since 2016, there have been some notable exceptions, including a 93% jump in 2017 and a 35.62% surge in 2021.