Amid its underperformance, Ethereum is ready 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 Expect As Ethereum Enters Its Most Bullish Month
Cryptorank data signifies that buyers can count on Ethereum to make important features because it enters its most bullish month in February. ETH has recorded optimistic month-to-month closes in February for the final six years. In reality, the crypto has solely recorded a detrimental month-to-month shut as soon as, which was in 2020.
Last 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. Meanwhile, it’s value mentioning that ETH’s common month-to-month achieve in February is 34.4%. Based on this, the ETH worth might rally to as high as $4,300.
Such a rally could be important because it might pave the best way to a brand new all-time excessive (ATH) for Ethereum, as crypto analysts like Ali Martinez have instructed. Martinez lately alluded to ETH’s bullish historical performance in February as one motive why this wasn’t the correct time to surrender on it.
Crypto analyst Ted additionally made a bullish case for ETH heading into February. He predicted that the crypto might rally to as excessive as $4,500 subsequent month and {that a} new all-time excessive for ETH by March is extremely doubtless, particularly if Donald Trump’s World Liberty Financial retains shopping for Ethereum.
Interestingly, in one other X put up, the analyst additionally predicted that ETH might 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, wherein buyers needs to be seeking to safe income. The first 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 stage on this market cycle. Ethereum whales have been actively accumulating in anticipation of a big worth surge. Ali Martinez revealed that these whales purchased over 100,000 ETH through the latest worth dip.
At the time of writing, the Ethereum worth is buying and selling at round $3,200, up over 1% within the final 24 hours, in line with data from CoinMarketCap.
Featured picture from iStock, chart from Tradingview.com
