Ethereum’s native token, Ether (ETH), has been struggling with a prolonged bearish trend for four consecutive months, according to Cointelegraph. The decline marks a pattern reminiscent of the bear market conditions experienced in 2022, as ETH saw an impressive 18.47% drop in March alone. This persistent downward movement has prompted discussions among analysts about whether we’re nearing a bottom or if further declines are likely. The Ethereum/Bitcoin ratio has reached a five-year low of 0.021 on March 30, highlighting Ether’s underperformance compared to Bitcoin over the past five years. The last time the ETH/BTC ratio hit this level was in May 2020, with ETH valuing between $150 and $300 at that time. Furthermore, Ethereum’s monthly fees have dropped to a record low of $22 million in March 2025, further signaling reduced network activity and market interest. These lower fees reflect the cost of transactions on the network, which decrease when demand is less prevalent. 2018-2019 saw a similar scenario with a significant correction to ETH following Federal Reserve tightening and quantitative easing. Analyst VentureFounder suggests that the ETH/BTC ratio might find a bottom in the coming weeks, potentially between 0.017 and 0.022, based on historical patterns and market cycles. They anticipate this prediction could come true following the Federal Open Market Committee’s (FOMC) actions in May, where the Fed is expected to end quantitative tightening and embark on quantitative easing. Despite these challenges, some analysts like VentureFounder predict a potential recovery after FOMC actions in May. Historically, Ethereum has shown resilience even after consecutive bearish months. Since its inception, ETH has experienced three or more consecutive bearish monthly candles for five occasions, each time resulting in a short-term bottom. Notably, in 2018 after seven consecutive red months, ETH prices surged by 83% following the correction. In 2022, after three bearish months, ETH consolidated for nearly a year with its bottom occurring in June 2022. Historically, Ethereum has a 75% probability of experiencing a positive month in April, and its past quarterly returns indicate that Q2 typically sees fewer drawdowns compared to other quarters, averaging as high as 60.59%. This article is not intended as financial advice or recommendations. All investment and trading decisions carry risk and readers are urged to conduct their own research before making any financial decisions.