Ethereum's token, Ether, is on track for its highest monthly close, surpassing the previous record of around $4,955. Historically, when August closes positively, subsequent months yield an average return of about 60%. In 2017, this led to a remarkable 92.9% gain, while 2020 saw a 25.3% rise in August followed by a 69% rally through December. Conversely, a loss in August averages a -14.1% drop by year-end, making a positive close crucial. Notably, every bullish August has been followed by a dip in September, averaging around 17%. A recent bullish crossover in Ethereum's monthly MACD indicates potential for significant upward momentum, with projections estimating Ether could reach between $7,000 and $7,500 by year-end, marking a substantial extension from current levels. These indicators suggest a continuation of a typical post-August rally pattern into December.

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