Ethereum Eyes Gains: Price History Signals Bullish Moves In February – Data Shows

ethereum It continues to weaken the continuous bull market cycle where the encryption assets record another month, raising concerns about its ability to walk in the short term. However, the month of February offers another opportunity for ETH to grow because of its noticeable performance per month.

February is likely to lead to Ethereum gains

in spite of The upcoming expectations in JanuaryETHEREUM failed to produce a significant increase in prices, with hopes now in February. While January was disappointing, February is proud of great returns.

Market expert and investor Dan Check Trading Allegedly This ETH is preparing for potential upward momentum, as it allifies historical historical prices in February, as it is a bullish month for the origin of encryption. Looking at previous offers, February recorded 7 times out of 8 in ETH history.

One interesting thing about these data is the average revenue per month. Repeated patterns of prominent gains are supported during the month by increasing adoption and improving market morale.

The data indicates that from January to May is the best months in ETH history. Meanwhile, the summer seasons are very bad for Ethereum Bitcoin The stealing of the lights again as the altcoin collision during this period.

Although February was positive for ETH in the past, Daan Crypto Trades highlighted that merchants should not only build their decisions on historical returns. However, the seasonal is a decisive factor in both cryptocurrencies and the arrows that have been searched for and in which many investors have been seen.

Since the coming months seem optimistic, it is possible that the original will see a continuous direction. In this way, Ethereum may collect the momentum needed to reach it The highest new level in the short term.

Meanwhile, the next main levels to see are the price of $ 4,000 and $ 4100 as Altcoin is preparing to re -test these goals. Dan Tafir Trading male This upward momentum tests the upper line of a massive wedge style.

Thus, it is believed that another re -test for these levels is possible as soon as it is altcoin It comes out of the style. In the price range, the analyst expects ETH to face a large setback, urged investors to closely monitor the direction.

ETH is subject to a strong decline

ETH has achieved great success as the declining pressure is escalating across the entire market, causing a decrease near a sign of $ 3000. The data from CoinmarketCap shows that altcoin It has decreased by about 9 % in the past 24 hours.

This sudden withdrawal sparked fear and uncertainty within society. However, investors continue to prove confidence in ETH as they constantly accumulate Altcoin amid recent fluctuations.

Last day, the trading volume increased by more than 120 %. Historically, height Purchase It was an introduction to a height. If this is the strong invested morale, Etherum may be subject to a recovery soon.

Distinctive image from Adobe Stock, Chart from TradingView.com