Ethereum closed April with a +7.38% increase, following a +7.07% increase in March , marking two consecutive months of gains after a relatively slow start to 2026, indicating clearer signs of recovery in the market.
What is supporting the upward trend?
ETH 's momentum stems not only from price but also from underlying factors, including record-high Staking levels reducing the circulating supply, the return of funds from ETFs providing more stable buying pressure, and expectations that the Pectra upgrade could improve network performance. All of these are laying the groundwork for a sustained upward trend rather than just short-term volatility.
Historically, May is typically one of ETH's most positive periods, with a higher-than Medium probability of an increase, which has led many traders to start paying attention again after a time when ETH wasn't in the spotlight.
However, it's important to recognize that the current upward momentum isn't very strong yet; the market still needs more capital to confirm the trend, and macroeconomic factors could still create unexpected fluctuations. Therefore, this resembles a "restart" phase more than a rapid surge.
The question now isn't how much ETH has risen, but whether this upward momentum is strong enough to sustain it throughout May.
Are you leaning towards a continued upward trend or are you waiting for further signals?
