The post April & May: Historically Bullish Months for Ethereum (ETH), Analyst Predicts $3,000! appeared first on Coinpedia Fintech News
The biggest altcoin in the crypto market, Ethereum (ETH), has historically performed well in April and May, gaining around 20% to 30% in a month. This year, ETH is already showing positive signs, rising by 3% on the first day of April. Meanwhile, prominent crypto analysts say if this trend continues, Ethereum could surge above $3,000 by May.
Worst Q1 For ETH Since Existence
Despite Ethereum’s promising outlook for the coming months, the first quarter of 2025 has been one of its most challenging yet. ETH ended Q1 in the red, making it the worst-performing first quarter in its history.
January saw a modest decline of 1.28%, but February was especially rough, with a staggering drop of 31.95%. March didn’t offer much relief either, as Ethereum lost another 18.69% in value, marking the first time all three months in Q1 ended in losses for ETH.
However, historical trends suggest that Ethereum tends to recover strongly after difficult quarters. With April now underway, many traders are hopeful that ETH will stick to its seasonal trend of double-digit percentage gains.
Bullish Month For ETH: April & May
Looking at Ethereum’s price performance over the years, April has consistently delivered an average return of 20%, making it the second-best month for ETH. Meanwhile, May stands out even more, with an average return of over 30%.
Meanwhile, these trends suggest that Ethereum could be heading for a strong rally in the coming weeks.
Crypto analyst Ash Crypto has pointed out that ETH’s historical patterns indicate the potential for a breakout. If past trends hold, Ethereum could cross the $3,000 mark by May, offering a significant opportunity for investors to buy the current dip.
Ethereum Price Movement
As of now, Ethereum is trading at $1,874, showing a 3.5% increase in the past day. While the price is still far from its recent high of $2,104, ETH appears to be gaining momentum. The altcoin’s market cap is around $225 billion, with a 24-hour trading volume of $15.23 billion, indicating strong interest from traders and investors.
With Ethereum entering a historically bullish period, the coming weeks could be crucial in determining whether it will reclaim the $3,000 mark.
