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Because Ethereum (ETH) still slowly transforms key levels of resistance into support, some analysts believe that the Altcoin king may run out of time for the novel all time (ATH) in this cycle.
Ethereum closes April red
Over the past week, Ethereum has tried to recover an USD 1800, floating between USD 1,770-1820. Over the past 24 hours, cryptocurrency has increased by 5.5%, passing beyond key resistance and the highest week of USD 1850.
Among this price campaign ETH for the first time in one month for the first time in one month for the first time in one month for the first time in one month for the first time in one month. Nevertheless, the negative monthly closing of Ethereum meant the fifth month in a row in red for cryptocurrency.
King of Altcoins registers monthly negative phrases from December, the worst series since 2018 and closed the first quarter of 2025 with 45.4% withdrawal.
Carl Runefelt analyst excellent This performance, noting that “good news is that historically May is the most positive month of the year for ETH.” In general, it was one of the best proficient months for Ethereum, registering an average augment by 27.31% in May.
In addition, the second quarter was a positive period of cryptocurrency, closing Q2 in green seven to nine times. Despite the negative closure of April, Ethereum records a subtle 2.15% positive return in this quarter, which may suggest that cryptocurrency can continue the current results if the story repeats.
Another market observer considers This ETH price shows similar performance to the 2020 Bitcoin (BTC) rally. At that time, “Bitcoin consolidated for $ 8,000 … He ignored him most often. Then he reached $ 64,000.”
According to the Merlijn trader, “Ethereum shows exactly the same structure. Coallation. Compression. Charging the explosion.” However, this would suggest another withdrawal before the novel ATH.
Eth to skip Ath Rally in this cycle?
Meanwhile, the Crypto Bullet analyst offered a not very bubble Macro perspective. According to his position, Ethereum Correction Correction ended after taking low from August 2023, printing the “giant candle reversal” and maintaining the middle line of the long-term decreasing channel.
On this basis, he claims that the ETH bottom is inside, and in the next few months there will probably be a significant intimidate reflection, with the first target of USD 2,500.
Krypto Bullet noticed that a violent growth can be either rejecting a dead cat or the beginning of the novel ATH rally, adding that this could be the first due to the destitute cryptocurrency performance and how advanced the cycle is.
In this case, Ethereum may meet with a potential rejection in the range of 2,700 to 3000 USD, but the stubborn rally could start if it breaks the resistance of USD 3000 and grows out of the long -term channel.
However, he also suggested that Ethereum could be “in a larger cycle than we all think”, reminiscent of cryptocurrencies in the performance “one cycle”. In the previous one analysisCrypto Bullet discussed the potential of ETH, which did not hit ATH in this cycle, paying attention to the results of XRP in 2021.
“What if there is a top cycle in the middle and print a gigantic accumulation structure (triangle or zigzag) and break free from it, say in 2028?” He asked, stating that investors would accumulate more energy into a breakthrough, and the goals would be much higher.
A distinguished painting with unmplash.com, chart from tradingview.com
