What Happens If Ethereum Price Closes January With A Loss?

The Ethereum worth has struggled to regain momentum amid a persistent downtrend. After closing the final 4 months within the pink, the world’s second-largest cryptocurrency is exhibiting no indicators of aid in January 2026. On-chain knowledge exhibits that Ethereum’s present trajectory mirrors previous cycle downturns, elevating the opportunity of additional worth declines and extended bearish sentiment. 

Ethereum Value Nears Fifth Consecutive Month Of Losses

Ethereum has been in a protracted hunch, marking its fourth straight month of losses in 2025. Because the market navigates the ultimate week of January, the cryptocurrency is poised to probably shut a fifth consecutive month within the pink, a streak that might reinforce the continuing bearish development. 

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On-chain knowledge from CryptoRank exhibits that all through 2025, Ethereum noticed extra pink months than inexperienced ones. The cryptocurrency started the 12 months with 4 consecutive months of decline from January to April, adopted by a short restoration in Might, solely to fall once more in June. After this, ETH posted two months of features, ending July and August within the inexperienced. Nonetheless, this restoration was short-lived, and since then, the cryptocurrency has been in a downtrend.

Throughout its most up-to-date four-month decline, CryptoRanks reported that Ethereum closed September down by 5.59%. The downtrend accelerated on the finish of November, with the cryptocurrency crashing by 22.2%, greater than 4 occasions the decline of the earlier month-to-month shut. December 2025 noticed one other month within the pink, although the drop was a lot smaller, at simply 0.83%. 

Now, in January 2026, Ethereum continues to be in a downtrend. On-chain knowledge signifies the cryptocurrency has already fallen 1.78% this month, and exhibits no positive indicators of a bullish reversal. Furthermore, on the time of writing, ETH is buying and selling above $2,900, reflecting a roughly 5.95% decline over the previous week. 

What A Purple January Might Imply For ETH

The final time Ethereum closed 5 consecutive months within the pink was in 2018. That 12 months, Ethereum considerably underperformed, recording features in solely 3 of 12 months. The cryptocurrency had posted steady month-to-month losses, with November marking its steepest month-to-month decline at 42.5%. 

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After the four-month closing streak, Ethereum’s downtrend endured for an additional two months earlier than experiencing a pointy however temporary restoration in December 2018. Regardless of this non permanent rebound, the cryptocurrency closed January 2019 within the pink, falling 20%. 

If historical past have been to repeat itself within the present cycle, Ethereum might finish January in a decline, much like its 2018 efficiency. Apparently, historic knowledge exhibits that February has usually been a bullish month for ETH. Nonetheless, 2025 has seen declines from January via to April; it’s unsure if Ethereum will comply with previous bullish patterns. For now, what is for certain is that ETH’s worth is down and would want a big increase in its bullish momentum.   

Featured picture from iStock, chart from Tradingview.com