January Ether Slump: Historical Data Suggests a Bullish February

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?

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.

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