After 7 Straight Monthly Green Candles, $ETH on Verge of Breaking $3K

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”.

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:

bitcoin
Bitcoin (BTC) $ 57,003.00 3.48%
ethereum
Ethereum (ETH) $ 3,491.95 4.91%
binance-coin
Binance Coin (BNB) $ 643.77 1.56%
dogecoin
Dogecoin (DOGE) $ 0.648231 9.45%
xrp
XRP (XRP) $ 1.70 17.63%
tether
Tether (USDT) $ 1.00 0.10%
cardano
Cardano (ADA) $ 1.48 11.92%
polkadot
Polkadot (DOT) $ 40.01 10.86%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,389.56 26.42%
litecoin
Litecoin (LTC) $ 347.07 5.21%
S&P 500  ^GSPC 
$4,167.59  $2.93  (0.07%)
Dow Jones Industrial Average  ^DJI 
$34,230.34  $97.34  (0.29%)
NASDAQ Composite  ^IXIC 
$13,582.43  $51.08  (-0.37%)
Russell 2000  ^RUT 
$2,241.37  $6.92  (-0.31%)
Crude Oil Jun 21  F*CL.NYM 
$65.80  $0.1700  (0.26%)
   
$0.0000  $0.0000  (0.00%)