Ethereum (ETH), the second-largest cryptocurrency by market cap, has exhibited well-defined seasonal price patterns over the years. By examining documented monthly performance metrics, traders can identify periods when ETH has leaned to deliver stronger returns.
While prior performance does not promise future results, long-term data deliver insight into which months have conventionally been most profitable for ETH.
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Historical Monthly Performance of Ethereum
According to CoinMarketCap, at the time of writing, the token is trading at $2,010.26 with a 5.49% decrease in rate. The market cap of the token has exceeded $242.95 billion and the volume of the coin is around $26.11 billion.
According to CryptoRank, in the case of ETH, May records the highest average return at +34.7%, outdoing all other months.
It also shows strong stability across multiple bull-market years, including major momentum. When comparing, other strong months like January (+28.6%) and March (+25.9%) follow May’s performance.
ETH’s price chart reveals a downward momentum. It could climb toward the resistance (yellow) at around $2,070.63. Assuming the bullish pressure strengthens, the golden cross might emerge and send the price up to test the $2,200 range.
If a reversal occurs, the bears might further push down the ETH price to the support (blue) at $1,973.23. In case the downside correction gains more traction, the death cross could form, and likely drive the asset’s price to a low of $1000 or even lower.
The moving average convergence divergence (MACD) indicator shows the token experiencing bearish pressure as the MACD line (blue) is below the signal line (orange). The relative strength index (RSI) indicates the coin is being oversold as the RSI line is below the 50 median.
The 200-day simple moving average in the long run is projected to reach $ 3,350.52, while the 50-day simple moving average (SMA) in the short term may be $ 2,883.08. All these figures reflect a gradual but certain movement towards the higher ground.
The pivot points have established the support levels at $ 2,031.88, $ 1,958.68, and $ 1,904.88. The resistance levels of the token are at $ 2,158.87, $ 2,212.67, and $ 2,285.87.
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