<ul><li>Historically, May has been kind to Ethereum with an average gain of over 27%, sparking optimism among traders.</li><li>Analyst Cyclop forecasts Ethereum could reach $2,500 by the end of the month if momentum holds, based on past patterns.</li><li>On-chain indicators like the MVRV ratio suggest ETH is undervalued, with whale wallets increasing holdings by 22% from March to May.</li><li>Ethereum's upcoming Pectra upgrade on May 7 and the Federal Reserve's interest rate decision on the same day could further boost Ethereum's potential breakout.</li></ul>

Is Ethereum Ready to Bounce Back? Here’s Why Analysts Are Turning Bullish in May

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