Jakarta, Pintu News – Ethereum seems poised to return to its former glory with the potential to surpass $2,000 in the near future. Various factors support this optimism, including Ethereum’s (ETH) strong historical performance in May and increased interest from large institutions.
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Despite many doubts, a crypto analyst who goes by the pseudonym Cyclop has revealed on the X platform that Ethereum (ETH) has a history of strong performance in May. Since 2016, Ethereum (ETH) price has increased by 27.36% on average at the end of May, with the spike reaching 70.29% in 2017.
Last year, Ethereum (ETH) closed the month of May with a 24.65% gain, which added to optimism for another strong performance in 2025. Cyclop predicts that Ethereum (ETH) will rally to $2,500 by the end of May, driven by seasonal forces.
According to a chart shared by TraderPA, Ethereum (ETH) has closed the most bullish monthly candle in 2025. “The last time we closed with a hammer candle, the price jumped 60% afterward,” TraderPA said.
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A number of major financial institutions are again showing their interest in Ethereum (ETH) despite its declining price performance. China’s Alibaba is developing a layer 2 Ethereum solution, joining Germany’s Deutsche Bank following a similar path. Financial giants like BlackRock and Fidelity are tokenizing assets on Ethereum, while Visa and Mastercard are using Ethereum for their Web 3 solutions.
The World Project led by Sam Altman is also investing in this network with Coinbase’s Base, which has recorded impressive numbers as an L2 and moved up to stage 1 EVM rollup. Trump’s WLFI holds 94% of their total crypto assets in Ethereum, while Circle chose to keep a significant amount of their stablecoins in Ethereum. This massive institutional support is expected to support Ethereum’s price rise in the short term.
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Recognizing the criticism of declining metrics and unattractive price performance, Ethereum developers are putting a lot of effort into network upgrades. Dankrad Feist has warned that Ethereum is in danger if it doesn’t manage to increase its gas limit by 100 times in five years.
On the other hand, Vitalik Buterin is proposing an Ethereum overhaul similar to Bitcoin’s simplicity, which could have a positive impact on the ETH price. Charles Hoskinson predicts that the network will fail in 15 years, citing layer 2 cannibalization and outdated technology as the main reasons.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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