In April, Ethereum has a seasonal advantage according to historical returns. On average, April results in a 30% gain; thus, April is the best month for ETH with respect to long-term return performance.
Currently, there is a renewed risk appetite in the greater crypto market due to capital rotation and volatility expansion. At press time, Ethereum is trading at $2,149.50, reflecting an increase of 9.18% over the past 24 hours.
April Seasonality: 30% Average Monthly Gain Since 2018
According to the data from Cryptorank, April’s month-over-month annualized increase for the last five years (since 2018) has been approximately 30%. As can be seen in the monthly returns chart, Ethereum has had the largest amount of gains during the month of April.
In previous years, April has yielded the highest percentage of returns (40%-60%) during the “bull” cycles.
Thus, if ETH was to match its historical rate of return over the course of 5 years ($2,149.50) by obtaining an average of 30% gains per 12 months from $2,149.50 (the last price reported on the day of this article was March 4), the average price will be approximately $2,794.00 which is still well below the ATH (all time high) of $4,953.73 in August 2025.
For ETH to achieve its ATH again this April, it will need to increase approximately 130%, which is much higher than its historical average seasonal return.
Also Read: Ethereum Network Activity Surges to 10-Year High As Price Struggles at $2K
Active Addresses Decline
Ali Charts observed that Ethereum’s active address count has recently dropped, which suggests that the short-term participation in the Ethereum network is decreasing.
If the decline of active addresses on this network continues, it could become a difficulty for Ethereum to achieve a sustained breakout, regardless of the seasonality of the month of April being bullish.
Forecast Shows A 56% April Upside to $3,346
CoinCodex predicts that the month of April will perform better than March. It has an expected upside for April of 56.07% and a maximum price level of $3,346.50, and the upside expected for March is 21.36%. This adds to the theory of higher prices in the month of April being due to seasonal factors.
However, the peak price listed above is below the ATH of $4,953.73. Thus, while there is upside momentum, the projection does not indicate a breakout above current price levels to a new high.
In conclusion, April’s past performance with 30%, on average, gains historically, a forecasted 56% upside, and improvement in momentum, all indicate bullish continuation.
Ethereum still requires approximately 130% of an increase to surpass $4,953.73 for it to qualify as a new ATH. As a result of this, in order for a new ATH to be established this April, we would expect to see an abnormal breakout that greatly exceeds both seasonal historical standards and the current projection.
In all likelihood, there is strength in the market; however, a new ATH will be considered as an aggressive assumption and not as the base-case scenario.
Also Read: Ethereum Staking Demand Climbs as Corporates Accumulate Validators
