Ethereum Breaks Green After 5 Consecutive Months of Red

Ethereum (ETH) has flipped from red to green after five consecutive months of losses, driven by a recent recovery in the cryptocurrency market. This marks the second longest streak of red consecutive months since May 2018 and November 2018, but analysts believe it could signal a bullish trend for Ethereum. The price drop in April was attributed to heavy selling pressure, but recent data suggests that accumulation is increasing among high-net-worth individuals, hinting at an imminent price pump. While ETH hasn’t reached its previous all-time high ($4,000), experts believe the upward trajectory could be a sign of potential ‘altseason’ – a period where altcoins like Ethereum gain significant market dominance and value.