Examining historical data reveals a notable pattern in Ethereum's performance during the month of May since 2016. According to data compiled by Coinglass and reported by BlockBeats, Ethereum has shown a tendency for positive returns in May, although with significant variability.
Since 2016, Ethereum has recorded gains in May in six separate years, while experiencing losses in three instances. The most substantial monthly increase occurred in May 2017, when Ethereum saw a remarkable surge of 161.43%. Conversely, the largest decline for the month was observed in May 2022, with a drop of 28.85%.
Across the period from 2016 to the present, the average return for Ethereum in May stands at 27.39%. However, the median return, which can provide a clearer picture by mitigating the impact of extreme values, is a more modest 7.09%. This highlights that while May has historically presented opportunities for significant upward movement, the performance has not been consistently high every year.
