Ethereum Price Volatility Expected in May Amidst Bullish Sentiment

Ethereum's price volatility is a topic of discussion among market analysts, particularly ahead of the month of May. Historical data shows that May has consistently exhibited unusual return patterns for Ethereum, with both high positive and negative results.

According to Daan Crypto Trades, May stands out as an outlier in terms of Ethereum's average and median returns. The data illustrate that May has shown greater variability compared to other months, such as September or December.

Bullish sentiment is on the rise in ETH derivatives markets, with a long bias observed across Binance. However, open interest remains limited, indicating cautious growth in investor confidence.