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Ethereum ‘Running Out Of Time’? Analyst Says New ATH May Not Come This Cycle

  • Ethereum is facing challenges in reaching a new all-time high (ATH) this cycle, with analysts suggesting the possibility of running out of time.
  • ETH closed April slightly below its opening price, marking the fifth consecutive month of negative returns for the cryptocurrency.
  • Analysts note that historically, May has been a positive month for Ethereum, with the potential for a 27.31% increase.
  • While some analysts anticipate a mid-term bounce for Ethereum with a target of $2,500, others suggest the possibility of ETH not hitting a new ATH this cycle, considering a potential longer-term accumulation phase.

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