Amid its underperformance, Ethereum is set to enter its most bullish month in history. This has sparked a positive sentiment among investors, who hope for a bullish reversal. Crypto analysts have also made bullish predictions for ETH based on the crypto’s historical performance in February.
What To Expect As Ethereum Enters Its Most Bullish Month
Cryptorank data indicates that investors can expect Ethereum to make significant gains as it enters its most bullish month in February. ETH has recorded positive monthly closes in February for the last six years. In fact, the crypto has only recorded a negative monthly close once, which was in 2020.
Last year, Ethereum recorded a 46.7% gain in February, its second-highest monthly gain in 2024, behind the 47.4% gain it recorded in November. Meanwhile, it is worth mentioning that ETH’s average monthly gain in February is 34.4%. Based on this, the ETH price could rally to as high as $4,300.
Such a rally would be significant as it could pave the way to a new all-time high (ATH) for Ethereum, as crypto analysts like Ali Martinez have suggested. Martinez recently alluded to ETH’s bullish historical performance in February as one reason why this wasn’t the right time to give up on it.
Crypto analyst Ted also made a bullish case for ETH heading into February. He predicted that
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Author: Scott Matherson
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