Ethereum, which plummeted 50% from its peak, recovers 16% monthly, rekindling the flame of ascent

▲ Ethereum (ETH) / ChatGPT generated image ©

The one-year return of Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was found to be lower than that of coal, a virtual mineral in the popular online game RuneScape, shocking the market. Although the leading cryptocurrency is currently leading a rally and seeking a rebound, a cautious view suggests that it is too early to guarantee a sustained upward trend amidst macroeconomic uncertainties.

According to the cryptocurrency specialized media Watcher.Guru on May 5 (local time), the crypto analytics platform Arkham analyzed that Ethereum's performance over the past year did not keep pace with the price increase of coal within the RuneScape game. RuneScape coal surged from 150 GP in May 2025 to nearly 300 GP in January 2026 and is currently trading around 193 GP.

Ethereum, like the broader cryptocurrency market, is classified as a risky asset. After setting an all-time high of $4,946.05 in August 2025, creating a strong bull market, investor sentiment rapidly froze due to heightened macroeconomic uncertainties and geopolitical tensions. Consequently, it had to endure a painful correction, plummeting over 50% from its August 2025 peak.

However, recently, it has gradually shown signs of recovery from a deep slump. According to CoinGecko data, Ethereum's price rose by 0.3% over the past 24 hours, 4.2% weekly, 3% over 14 days, and a significant 16% over the past month, demonstrating a clear recovery trend.

This recovery trend is interpreted as a spillover effect from Bitcoin (BTC), the leading cryptocurrency, reclaiming the $81,000 mark. Bitcoin, which had encountered strong resistance between $78,000 and $79,000, broke through key resistance levels, boosting overall market sentiment. Furthermore, the influx of substantial institutional capital through Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) is acting as a solid driving force for the upward rally.

The media pointed out that while Ethereum's recent rebound is encouraging, it remains uncertain whether this rally can be sustained long-term. They added that if volatility resurfaces before the market foundation is fully solid, further price corrections would be unavoidable, thus requiring investors to exercise extreme caution.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*