$ETH has now logged 8 red monthly candles in 2025.
The only other times we saw this kind of consistent downside were in 2018 and 2022 both deep bear market years.
With that in mind, it’s hard to confidently label 2025 a bull year just yet. Despite short-term rallies and pockets of strength, the broader structure still reflects caution.
The market might still be repositioning, and unless we see a meaningful shift in trend, 2025 is shaping up more like a reset year than a full-blown bull cycle.
