**Ethereum's May Performance Reflects Volatile Yet Upward Trends Historically**
Historical data highlights Ethereum's mixed yet overall positive track record during the month of May. According to Coinglass, analyzed by BlockBeats, Ethereum (ETH) has closed May with gains in six out of the nine years since 2016, while enduring losses in three.
The cryptocurrency’s most dramatic May surge occurred in 2017, skyrocketing by 161.43%, contrasted by its steepest decline of 28.85% in May 2022 amid broader market turbulence. Over this eight-year span, Ethereum’s average May return stands at 27.39%, though the median return of 7.09% reveals the outsized impact of extreme performances—particularly the 2017 rally—on the average.
This disparity between average and median returns underscores Ethereum’s volatility, with a handful of strong bullish months skewing the long-term trend upward. Investors eyeing seasonal patterns may note May’s historical tendency toward gains, albeit with significant exceptions.