Amid its underperformance, Ethereum is about to enter its most bullish month in historical past. This has sparked a optimistic sentiment amongst buyers, who hope for a bullish reversal. Crypto analysts have additionally made bullish predictions for ETH based mostly on the crypto’s historical performance in February.
What To Count on As Ethereum Enters Its Most Bullish Month
Cryptorank data signifies that buyers can anticipate Ethereum to make vital good points because it enters its most bullish month in February. ETH has recorded optimistic month-to-month closes in February for the final six years. The truth is, the crypto has solely recorded a destructive month-to-month shut as soon as, which was in 2020.
Final yr, Ethereum recorded a 46.7% achieve in February, its second-highest month-to-month achieve in 2024, behind the 47.4% achieve it recorded in November. In the meantime, it’s value mentioning that ETH’s common month-to-month achieve in February is 34.4%. Primarily based on this, the ETH worth may rally to as high as $4,300.
Such a rally could be vital because it may pave the way in which to a brand new all-time excessive (ATH) for Ethereum, as crypto analysts like Ali Martinez have recommended. Martinez lately alluded to ETH’s bullish historical performance in February as one cause why this wasn’t the best time to surrender on it.
Crypto analyst Ted additionally made a bullish case for ETH heading into February. He predicted that the crypto may rally to as excessive as $4,500 subsequent month and {that a} new all-time excessive for ETH by March is extremely probably, particularly if Donald Trump’s World Liberty Financial retains shopping for Ethereum.
Curiously, in one other X put up, the analyst additionally predicted that ETH may rally to between $9,000 and $10,000 within the subsequent three to 4 months. Crypto analysts like Titan of Crypto and CrediBULL Crypto have additionally predicted that ETH can attain $10,000 on this market cycle.
Ethereum’s Roadmap For 2025
In an X put up, Titan of Crypto highlighted Ethereum’s 2025 roadmap whereas asserting that ETH is gearing up for a serious transfer up this yr. As a part of the roadmap, he highlighted revenue zones on his accompanying chart, during which buyers ought to be seeking to safe income. The primary take revenue zone he highlighted is at $5,664.
The second take-profit zone is at $7,400, the third is at $8,500, and the fourth is at $10,000, indicating that ETH can certainly attain this psychological $10,000 worth degree on this market cycle. Ethereum whales have been actively accumulating in anticipation of a major worth surge. Ali Martinez revealed that these whales purchased over 100,000 ETH in the course of the current worth dip.
On the time of writing, the Ethereum worth is buying and selling at round $3,200, up over 1% within the final 24 hours, in accordance with data from CoinMarketCap.
Featured picture from iStock, chart from Tradingview.com