Ethereum’s price experienced a decline over the past three days, dropping to $2,500. This dip follows Ethereum’s (ETH) historically bad performance in June, which is typically marked by losses. Despite this pullback, ETH has managed to outperform most altcoins that have seen significant drops this month. 6-year historical data reveals a consistent pattern: June tends to see negative returns for the Ethereum price with an average loss of -7.4%, and a median return of -8.68%. 2016 marks the first year with June being consistently worse than September, and its average monthly performance sits at -0.35%. These seasonal trends do not always hold true; in March, ETH saw a drop of 18% defying the usual trend. This is even more impressive when considering that February witnessed a 31% drop after recording positive gains for six consecutive years. However, Ethereum shows some promising signs this month, with its MVRV ratio (Market Value to Realized Value) currently at -0.074, indicating an undervalued asset. A notable sign of increased buying interest is the increase in ETH holdings by whales who have seen a slight uptick to 103.5 million from this week’s low of 103.45 million, indicating bullish sentiment. The trend is also supported by positive inflows into spot Ethereum ETFs for the past ten days, reaching over $3 billion in cumulative value. Charts suggest an upward momentum as the daily chart shows a price bottoming point at $1,385 on April 9 and rebounding to its current $2,530. Ethereum is also forming a bullish flag pattern, indicating a continuation of the upward trend. Additionally, a cup-and-handle pattern adds to the bullish outlook, with a target price of $4,185 based on its 50% depth.