Ethereum focuses on $ 2,000: will May be the month before ETH?

Ethereum (ETH) may be on the eve of a substantial price outbreak. The combination of historically strong performance in May and a clear increase in purchase activity on the Futuresmarkt feeds optimism among investors.

Buyers dominate Futuresmarkt and the month of May

The so-called Taker Buy-Sell Ratio of Ethereum rose to 1.10 the highest level of this year in May 2025. This metric measures the aggressiveness of buyers versus sellers on the futures market. A value above 1 indicates a clear dominance of the buyers. That is exactly what we see now.

This bullish sentiment comes at a time when ETH holds up above the technical support level of $ 1,800. The market therefore does not only seem to want upwards, but also has a solid foundation. The last time the ratio reached this height, at the beginning of January, followed a brief rally. The question is whether this time things will go differently.

Historically, May is the strongest month for Ethereum. Data from Coinglass shows that ETH rises 27% on average in May. We saw outliers in years as 2017, 2019 and 2021, while May 2023 also ended positively with a profit of 2.44%. For many traders, this historical context is a reason to remain optimistic, despite recent volatility.

Ethereum consolidates under resistance

At the time of writing, ETH acts around $ 1800. The RSI (relative strength index) is 55, a moderate bullish level, which suggests that there is still room for an increase before overheating threatens.

ETH has been consolidating for a while under the resistance zone between $ 1850 and $ 1900. Consolidation under resistance is basically bullish. For a real breakthrough towards the psychological limit of $ 2,000, it is crucial that ETH is in support above this resistance zone. Only then can we speak of a convincing trend break. Until then, Ethereum seems to consolidate itself, awaiting a new impulse.

ETH breaks through trend line

Another positive technical news: ETH was finally broken by the diagonal downward trend line after five months. Earlier this week we already pointed to the possibility of this.

The course now has a daily candle closed outside of this trend line for the first time and now seems to test this trend line as support. This can also be seen on the 4-hour graph. If we get a weekly ‘close’ outside this trend line, this would be a strong bullish signal.