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As Ethereum (ETH) continues to slowly transform the crucial resistance levels into support, some analysts consider that the King of Altcoins could run out of time for a new cycle of all time (ATH).
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Ethereum Farm April in red
During last week, Ethereum tried to to recover The bar of $ 1,800, oscillating between the price range of $ 1,770 and $ 1,820. In the past 24 hours, cryptocurrency has seen a 5.5%leap, exceeding keys resistance and the last week of $ 1,850.
In the midst of this price action, ETH retests the range from $ 1,860 to $ 1,870 for the first time in a month, and closed in April at only 1.56% lower than the opening price. Nevertheless, the negative monthly closure of Ethereum marked the fifth consecutive month in the red for cryptocurrency.
The King of Altcoins has recorded monthly negative yields since December, his most efficient sequence since 2018, and has closed the first quarter of 2025 with a retracement of 45.4%.
Carl Runefelt analyst note This performance, noting that “the good news is that, historically, May is the most positive month of the year for ETH”. In general, it was one of the most efficient months for Ethereum, recording an average increase of 27.31% in May.
In addition, the second quarter was a positive period for cryptocurrency, closing the Q2 in the seven green on nine times. Despite his negative April closeEthereum records a slight positive yield of 2.15% this quarter so far, which could suggest that cryptocurrency could continue its current performance if history is repeated.
Another market observer consider This ETH price has a performance similar to the Bitcoin (BTC) 2020 rally. At the time, “Bitcoin consolidated $ 8,000 … the most ignored. Then he struck $ 64,000. ”
According to Merlijn the merchant, “Ethereum shows exactly the same structure. Accumulation. Compression. Loading of explosion. ” However, this would suggest that another decline could be before a new ATH.
ETH to jump Ath Rally this cycle?
Meanwhile, the Crypto Bullet analyst offered a macro perspective not so bullland. Depending on his post, Ethereum correction in mid-term is completed after having withdrawn the stockings in August-October 2023, printing an “giant reversal candle” and holding the midline of the multi-year descending channel.
Based on this, he argues that the background of ETH is in place, and an important mid-term rebound will probably occur in the coming months, with a first objective of $ 2,500.
Crypto Bullet noted that overvoltage could be either a dead cat rebound, or the start of a new ATH rallyAdding that this could be the first due to the weak performance of cryptocurrency and cycle progression.
In this case, Ethereum could face a potential rejection of the range of $ 2,700 to $ 3,000, but a bullish rally could start if it lost the resistance of $ 3,000 and stands out from the multi -year channel.
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However, he also suggested that Ethereum could be “in a more important cycle than we all think”, resembling cryptocurrencies in a performance “a cycle behind”. In a precedent analysisCrypto Bullet discussed the potential of the ETH not hitting an ATH this cycle, noting XRP’s performance in 2021.
“What if Eth Cycle Top is and he will print a giant accumulation structure (a triangle or a zigzag) and get out of it, say, in 2028?” He questioned, concluding that investors would accumulate more energy for a break, and the objectives would be much higher.
Star image of Unsplash.com, tradingView.com graphic
