Ethereum (ETH) market analytics indicate a potential upward movement in May. Historically, May is considered the most profitable month for ETH with an average return of about 27.36%, confirming its potential for recovery after five months of price decline. One of the key indicators is the low MVRV ratio, which has reached levels seen in March 2020, indicating that Ethereum is undervalued and foreshadowing growth in the coming months. There is also an increase in ETH holdings by whales, which typically precedes a market reversal. Today, a large-scale update called Pectra has begun on the Ethereum network, aimed at improving user experience and security, which could stimulate investor interest. Despite short-term optimism, long-term growth depends on the demand for blockchain services and the macroeconomic situation. The current price of ETH is around $1834, which provides grounds for expecting further recovery in the near future.$ETH$BTC$SOL
