Markets

Ethereum (ETH) set the rally in May? Top price forecasts occurred

Tl; the Dr.

  • The participants of the industry recalled that May is a historically strong month for Ethereum, some waiting for a significant increase when the levels of the main obstacles are violated.
  • ETH outflows from shifts have increased over the past seven days, which refers to the self-esteem of investors is considered to be a bullish sign due to reduced sales pressure.

Where for ETH next?

The second largest cryptocurrency in the market cap experienced a significant pump on a 14-day scale, rising 16% and currently trading over $ 1,800. Despite its recovery, its overall performance is unsatisfactory over the last several months.

Popular x User Carl Moon exposed to his 1.5 million x followers that Ethereum (ETH) has fallen for five months in a rowTo. For example, in February, the price collapsed by nearly 32%.

However, Carl Moon pointed out that May has historically been one of the most positive periods for the property. ETH has posted a loss of ten out of three Throughout his historyTo. The current month has also gained the highest average benefit over the years – about 27.31%.

X user sheriff shared A similar thesis. They pointed out that ETH bleeded with seven in the last eight months. Negative performance was also united Low hours and “dead” volatility. On the other hand, there are times when the “next Big Move Brews”, the analyst said.

The Merlijn trader, for his part, made an interesting comparison between the occurrence of Bitcoin between 2020 and 2021 and the recent structure of Ethereum. He predicted a potential explosion of prices when “history is on our side” adding that he loads ETH.

Cryptowzrd also created, projecting a possible short -term scenario. Analyst set As a target of the next key, $ 2,120, planning a “quick movement” for $ 2800 if the property passes.

Giving up shifts

One factor that supports the optimistic predictions described above netflowTo.

The outflows are dominated Over the inflow last week, there is a signal that investors have shifted from centralized platforms to self -esteem. This development is generally bullish as it reduces immediate sales pressure.

ETH ETCRACKE NETFLOW
ETH Exchange Netflow, Source: Cryptovarts
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