Ethereum Down 7% in January, But February & March Are Historically Bullish!
Ethereum (ETH) has seen a 7% drop in January, moving against the broader crypto market and Bitcoin, but analysts are hopeful. Historically, February and March have been strong months for ETH, with significant gains in past years.
January Struggles
ETH fell 6.7% in January, dipping from $3,400 to $3,170 by January 27.
Despite this dip, February and March have historically been very bullish for Ethereum.
Bullish Months Ahead?
ETH has gained in February for six straight years, with 2024 seeing a 46% jump from $2,280 to $3,380.
March has seen gains 7 out of the last 9 years, with April seeing consistent rises as well.
đ§ Why the Optimism?
Analysts and Ethereum supporters remain bullish despite the price drop:
Engineer & Analyst âWolfâ calls ETHâs chart âthe strongest Iâve ever seenâ and says itâs the âbest asymmetrical betâ you can make.
Ethereum educator Anthony Sassano highlights a recent shift in the Ethereum Foundation, signaling a new wave of excitement in the community.
Looking at the Bigger Picture
Despite being down 35% from its all-time high of $4,878 in November 2021, Ethereumâs future is looking bright for the next two months. Will history repeat itself and spark a new rally? Only time will tell.
