Ethereum started the year with a 7% fall, but historical data indicate potential price growth for this cryptocurrency in February and March.
Current State of Ethereum
According to CoinGecko, ETH has fallen by 6.7% so far this month, declining from $3,400 to an intraday low of $3,170 on January 27.
Historical Trends for February and March
Analysts note that February and March have been historically successful months for Ethereum. ETH only fell in February once— in 2018. Over the past six years, February has yielded gains, with the largest increase of over 46% in 2024. March has also been favorable for ETH, with gains in seven out of the last nine years.
Expert Opinions and Community Dynamics
Support and optimism remain among Ethereum supporters despite current price declines. Analyst 'Wolf' refers to Ethereum as the best 'asymmetrical bet,' while Anthony Sassano notes changes at the Ethereum Foundation that have sparked community interest.
Though January was weak for Ethereum, historical patterns suggest more positive prospects for February and March. Experts remain confident in the asset's potential and hold a positive outlook for the future.
