Ethereum on track for best month since February with 30% rise | Bitcoin & Crypto Trading
Ethereum on track for best month since February with 30% rise in May
Data from Coinglass shows that Ethereum has experienced a remarkable surge in May, rising nearly 30% with a few days remaining. This marks Ethereum’s best monthly performance since February when it jumped 46%. This recovery is significant, especially considering the 17% drop it faced in April. A key factor in May’s rebound is the approval of the Ethereum ETF 19-b filings, which has bolstered investor confidence. Historical data from Coinglass indicates that May is typically Ethereum’s strongest month, with an average gain of 31%.
