The crypto market experienced a surge in selling pressure, leading to a decline in major altcoins like Ethereum (ETH), which is on the verge of breaking below $2,500. However, historical trends suggest that February has been a recovery month for ETH, with average returns of 28.8%. Although past performance does not guarantee future results, the odds of success for Ethereum in February are higher. If history repeats itself, the coin price could challenge the $4,000 resistance. However, the Ethereum price has recently fallen by 20.84% in February 2025, indicating that broader market sentiment must also be considered. If the bearish momentum continues, ETH could drop another 14% to test the support trendline at $2,200, which has historically acted as a suitable support for dip buyers. If history repeats, the coin price may stabilize at the trendline and prepare for a recovery.
Content Editor ( cryptonewsz.com )
- 2025-02-08
What Historical Trend Hints Ethereum Price Target in February
