Ethereum Eyes a Comeback After Brutal Q1 Slide
March was not kind to Ethereum, causing an 18% drop in its value. Traders were shocked by ETH's worst Q1 performance ever. However, April started off strong with a 3% increase on the first day, sparking optimism among bulls. Historically, April and May have been favorable months for Ethereum, with average returns of around 20% in April and 30% in May. Many traders are viewing this as an opportunity to buy low after a tough quarter and ride the seasonal wave for profit. Ethereum analyst Ash Crypto predicts a potential breakout, suggesting ETH could surpass $3,000 by the end of May, leading to a strong reversal and possibly triggering a broader rally. The upcoming weeks will be crucial as Ethereum aims to reverse its Q1 slide and potentially lead the altcoin market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement on Bitget listing LLYUSDT,MAUSDT,UNHUSDT STOCK Index perpetual futures
Announcement on Bitget listing CSCOUSDT, PEPUSDT, ACNUSDT STOCK Index perpetual futures
Stock Futures Rush: Trade popular stock futures and share $250,000 in equivalent TSLA tokenized shares. Each user can get up to $8,000 TSLA.
CandyBomb x RVV: Trade to share 25,800,000 RVV!
