CDS Crypto News January Ether Slump: Historical Data Suggests a Bullish February
Crypto News

January Ether Slump: Historical Data Suggests a Bullish February

114
January Ether Slump Historical Data Suggests A Bullish February

January Ether Slump: CoinMamba Highlights Positive Outlook for February and March

January Ether Slump: Coinmamba Highlights Positive Outlook For February And March

In contrast to the leader Bitcoin and the broader cryptocurrency market, Ethereum has fallen by almost 7% in January. Analysts did note, however, that February and March have historically been bullish for the asset’s monthly price action. According to CoinGlass statistics initially reported by futures trader CoinMamba on X, ETH has only experienced a decline in February once, in 2018, and that was following a 50% rise in January.

Overall, February and March are very good months

CoinMamba

ETH has risen in February for the last six years in a row. The biggest gain occurred in 2024 when it rose more than 46% from $2,280 to $3,380 at the end of the month. Another strong month for ETH was February 2017, when it surged from $11 to just under $16, representing a gain of over 48%. Additionally, March has historically been good for ETH. Seven of the last nine years have seen gains in March, while six of the last nine years have seen gains in April.

ETH Price Slides from $3,412 High: Why Experts Still See Long-Term Potential?

Eth Price Slides From $3,412 High: Why Experts Still See Long-Term Potential?

As of today, the Ether price is trading at $3,084, down 7.77%. Ether, which saw a peak of $3,412 just 3 days ago, has been on the decline since then. However, Ethereum aficionados and analysts remain hopeful despite the lackluster price performance.

With eight years of experience as an analyst, I can confidently say I’ve never seen a chart as strong as ETH. The potential here is unmatched. It’s the best asymmetrical bet you can make,

engineer and analyst Wolf

The recent week in Ethereum has been a full and entire shift in not just emotions but in the community’s will to win, said Ethereum educator Anthony Sassano in response to last week’s leadership change at the Ethereum Foundation.

For more up-to-date crypto news, you can follow Crypto Data Space.

January Ether Slump: Historical Data Suggests A Bullish February 306055
Written by
lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Bitcoin Defies Wall Street Bloodbath: The Price Holds Steady at $83K Amid Market Chaos

For more information on the current price action as Bitcoin defies Wall...

Tether’s Ardoino Breaks Silence on USDT Ban: Plans for New Coin Revealed

For more comprehensive information on Ardoino breaks silence on USDT Ban, please...

Tesla Shares Nosedive: Is Elon Musk’s Political Drama to Blame?

For more comprehensive information about Tesla shares nosedive and current share price...

SEC Declares Some Stablecoins Non-Securities: What This Means for the Crypto Market

The SEC's new guidelines classify certain stablecoins as "non-securities," exempting them from...

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.