Ethereum Faces Challenges in Achieving New All-Time High
- Ethereum closed April with a 1.56% decline from its opening price.
- The cryptocurrency has experienced five consecutive months of negative returns, the longest streak since 2018.
- Analyst Carl Runefelt highlights May as historically positive for Ethereum, with an average increase of 27.31%.
- Ethereum’s price recently broke above the $1,850 resistance level after a 5.5% surge.
- Crypto Bullet suggests Ethereum could face rejection at the $2,700-$3,000 range unless it breaks through this resistance.
Ethereum’s recent performance shows a pattern of negative monthly returns and challenges in achieving new highs despite historical trends favoring growth in May. Analysts suggest potential resistance at higher price ranges if current trends continue.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-running-out-of-time-analyst-says-new-ath-may-not-come-this-cycle/?rand=52377
