Ethereum (ETH), the world’s second-largest cryptocurrency, has experienced a nearly 7% drop in January, moving contrary to the wider crypto market and market leader Bitcoin. However, analysts remain optimistic as historical data suggests that February and March have consistently been favorable months for Ethereum.
According to CoinGecko, Ether has fallen by 6.7% this month, sliding from its January 1 high of $3,400 to an intraday low of $3,170 on January 27.
Despite this downturn, historical patterns show that Ethereum has typically performed well in February and March, offering hope to investors.
Data from CoinGlass highlights that Ethereum has only seen one February decline in its history, which occurred in 2018 following a significant 50% surge in January.
Over the past six consecutive years, February has been a profitable month for Ethereum, with its largest February gain recorded in 2024, when it soared by 46% from $2,280 to $3,380. Another strong February performance was in 2017, where ETH gained approximately 48%, jumping from $11 to nearly $16.
March has also been a favorable month for Ethereum, delivering gains in seven of the past nine years. This trend has reinforced confidence among Ethereum supporters and analysts, despite the cryptocurrency’s current lackluster performance.
Market analyst “Wolf” expressed his confidence, stating, “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.”
Meanwhile, Ethereum educator Anthony Sassano pointed to a recent leadership shakeup at the Ethereum Foundation as a source of renewed energy within the Ethereum community. He commented, “The last week in Ethereum has been a complete and total shift in not just vibes but in the community’s hunger to win.”
Currently, Ethereum is trading at $3,183, down 4.5% on the day, reflecting a broader decline in the crypto market. Despite the current slump, Ethereum remains 35% below its all-time high of $4,878 in November 2021.
While it has struggled to match the recent gains of high-cap cryptocurrencies like Bitcoin, XRP, and Solana, historical trends suggest Ethereum may be poised for a rebound in the months ahead.
