- Altcoin ETH finally flipped to green after 5 consecutive months of red.
- The previous dump in ETH price was due to heavy selloffs, ETH now sees the opposite.
- Ethereum whales are heavily accumulating ETH to prepare for the inevitable price pump.
Hopes are high for the pioneer altcoin Ethereum (ETH). In detail, ETH finally flipped to green after 5 consecutive months of red, caused by heavy selloffs. If Ethereum can maintain this momentum, then perhaps the month of May can close in a bullish green signal. Does this sign finally mark the beginnings of the long-awaited altseason? Will ETH continue into a pump to reclaim its previous ATH soon?
ETH Finally Flipped to Green
The pioneer altcoin Ethereum (ETH) seems to be having a good start to the month of May. The crypto market saw the recovery of Bitcoin (BTC) prices in the month of April, could May be the month for Ethereum (ETH) prices to recover, and inch closer to its previous ATH price? In April, the price of BTC completed its prolonged correction phase and pumped from $75,000 to $95,000, bringing it closer to its previous ATH price of $109,000.
Presently, the price of Ethereum (ETH) is at $1,800, a long way away from its precious ATH price in the higher $4,000 price range. However, ETH following Bitcoin’s lead dumped heavily to the lower $1,000 price range during Q1 of 2025. Over the last month, the altcoin pumped back to the $1,500 price range before settling in the $1,800 price range. Now as analysts wait for Bitcoin to reclaim 6-digit targets, expectations for ETH to hit $2,000 is just as high.
As we can see from the post above, this analyst marks how ETH price is in green already for the month of May and hopes to see it in green by the end of the month. This switch to green marks ETH’s first green month after 5 consecutive months of red labeling it the 2nd longest streak of red consecutive months since May 2018 and November 2018 (7 months) when ETH price dropped to $91 where it set the bottom.
ETH Whales Accumulation Increases
Presently, analysts are certain that a similar pattern has played out allowing ETH to have bottomed out over the last month and opening the doors for a significant pump. What’s more exciting about ETH price pumping is that once it reclaims its previous ATH target, it could pump even further to not only set new ATHs but to usher in the highly anticipated altseason that could trigger a string of new ATHs for several altcoins as well.
This recovery for ETH is likely due to the end of heavy selloffs and a rise in heavy ETH accumulation by Ethereum whales. As we can see from the post above ETH whales are preparing for the inevitable altcoin pump which will likely be led by an ETH price surge. Based on the post above, several ETH whales are swapping altcoins and stablecoins to heavily accumulate ETH.
