On Saturday (May 1), as the Ethereum ($ETH) price got within $56 of breaking through the $3,000 level, crypto analyst Josh Rager said that “the previous bull market looks like a baby pump compared to now.”
Data by TradingView shows that Ethereum closed April green, which means that Ethereum has had seven consecutive monthly green candles.
This achievement did not go unnoticed by crypto analyst Josh Rager, who said that Ethereum’s current bull run is making the previous bull market cycle seem like a “baby pump”.
$ETH monthly chart
Seven straight green months in a row, Ethereum price has been on fire, up over 764% in that time frame
The previous bull market looks like a baby pump compared to now pic.twitter.com/WSaKgRGGs6
— Rager 📈 (@Rager) May 1, 2021
As for today’s price action, on crypto exchange Coinbase, the Ethereum price hit $2,944.44 at 18:01 UTC, setting a new all-time high, which is less than $56 shy of the $3,000 level.
Narek Gevorgyan, the Founder and CEO of CoinStats, explained why he is so bullish on Ethereum right now:
But #Ethereum fundamentals are much more stronger now than Bitcoin's in 2017, because it has:
1. #DeFi explosion
2. #NFTs boom
3. "Ultra sound money" narrative
4. Most used blockchain in the world
5. Over 50 projects in top 100 crypto by market cap built on Ethereum.— Narek Gevorgyan (@narek_gevorgyan) May 1, 2021
