Ethereum’s price has suffered five straight months of losses, falling from $4,000 to below $2,000. 2018 saw a similar pattern with ETH, which led to seven months of decline overall. Despite the trend, analysts suggest the recent market behaviour may hint at a potential recovery, though further challenges could lie ahead for investors in 2025.
In a concerning trend for Ethereum, the cryptocurrency has recorded five consecutive months of negative closes, a situation that has disappointed many investors banking on its growth potential. While Bitcoin has been reaching new heights lately, Ethereum has seen its price plummet from around $4,000 to just under $2,000. This downfall appears to be quite significant as it reflects a bigger trend of uncertainty within the market right now.
Crypto analyst CryptoBullet recently highlighted this unfortunate achievement for Ethereum on social media platform X. The continuous downturn signifies a regression to pricing levels not witnessed since 2023. However, despite these grim monthly closures, there might still be a glimmer of hope for this leading digital asset. Analysts suggest that the recent behaviour of the price might indicate the start of a bullish turnaround.
April turned out to be a crucial month for the Ethereum price, even though it closed in the negative. A standout feature was the emergence of a Hammer/Dragonfly doji on the charts, which, according to CryptoBullet, could suggest that Ethereum is discovering a bottom, especially as it approached 2023 lows around $1,400 earlier in that month.
The current slump for Ethereum echoes past events, specifically back in 2018, which saw a similarly dismal streak. It was also during a turbulent period just after the 2017 bull run when ETH registered five monthly red candles. The aftermath of that situation, however, continued negatively, with the cryptocurrency seeing an additional two months of decline, thus marking a total of seven consecutive red monthly candles. This paved the way for an extended recovery period that lasted almost the entire year.
A well-known saying in the crypto world suggests that while history doesn’t repeat itself perfectly, it tends to rhyme. If this holds true, Ethereum may not necessarily mirror the previous course exactly, but it stands to reason that the recovery may be more complicated than investors hope.
Given the current climate, if trends in 2025 reflect those of 2018, Ethereum may face further challenges in the immediate future. Currently, May has opened positively for Ethereum, but should the pattern hold, a deeper price pullback may still be on the horizon. Investors might have to brace themselves, as any potential recovery could stretch into late 2025 or beyond.
