In recent months, the Ethereum Price has perceived incredibly badlyannihilating the hopes of investors who believed in its potential. Although the price of Bitcoin has made several new heights with expectations that the price of the ETH could follow, the reverse was the case. In the past five months, Ethereum has increased from $ 4,000 to $ 2,000, printing a coherent red monthly fence during this period. Now, with five consecutive negative monthly closures, we examine where the price of ETH could then be directed.
Five Red Monthly's from Ethereum Closing
In a recent job On X (formerly Twitter), Crypto Cryptobullet analyst stressed that the Ethereum Prize had closed its fifth consecutive month in red. This evolution has back up the years of Ethereum, its price crashed at unprecedented levels since 2023.
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However, it may seem that this is not entirely bad news for the second largest cryptocurrency by market capitalization and could end up being the beginning of a bull impulse.
According to the analyst, the month of April was in fact essential for the Ethereum price despite the fence of red. This is due to the formation of a giant Doji Hammer / Dragonfly candle which underlines Cryptobullet occurred while the price balanced 2023 when it fell around $ 1400 earlier in the month. Naturally, This training is optimistic for cryptocurrency Because it could mean that Ethereum finally found a background from here.
By thinking about the history of Ethereum, there was only once in the past, where the optics were as bad for Ethereum, and it was seven years ago. In 2018, when the cryptography market came out of Bull Run 2017, the price of ETH underwent several accidents, which led to the only time ETH closed 5 consecutive monthly candles.
However, what followed in 2018 was not an upward impulse, but rather a downward continuation. The cryptocurrency would close two additional months in the negative, which would cause seven consecutive red fences on the monthly table of Ethereum. In the end, it would take Altcoin for almost a year to take enough momentum for it to become bulls again and start a sustained recovery again.
A popular saying on the cryptography market is that “history is not repeated, but it often rhymes”. If this is true and takes place in this scenario, it means that Ethereum cannot follow the downward continuation of a T-shirt, but it could mean that the pain is far from over for investors.
If 2025 sees a trend similar to 2018, then May, which has already started in green for Ethereum, could see the price fall. In such a case, the price of the ETH could look at the end of 2025 for a sustained recovery.
Dall.e star image, tradingView.com graphic
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