Can Ethereum Price Go Up in February?
Ethereum price sees bullish updates ahead of February
Ethereum (ETH) has had a rough start in 2024, closing January down by 3.5% at around $3,250. While Bitcoin and other altcoins like Solana (SOL) and XRP have shown better performance, historical trends suggest Ethereum might recover in February.
Will Ethereum Go Up in February?
Historically, February has been a strong month for Ethereum. Analyst Lark Davis notes that in the past eight years, ETH has gained an average of 17% during February, with only one negative return. If history repeats itself, Ethereum’s price could climb toward the $4,000–$4,500 range this month.
Key Factors Supporting Ethereum’s Growth
✅ Institutional Buying: Trump-linked World Liberty Financial (WLFI) recently purchased 2,971 ETH worth $10 million, increasing its total holdings to over 59,288 ETH.
✅ ETF Inflows: Ethereum ETFs recorded a net inflow of $67.80 million, with BlackRock’s ETHA leading at $79.90 million. Meanwhile, Grayscale’s ETHE continues to see outflows.
✅ Upcoming Network Upgrade: The Pectra upgrade is set for testnet deployment in February, with a mainnet launch expected in mid-March. This could improve Ethereum’s scalability and efficiency.
Read Ethereum Price Prediction 2040 for more insights
ETH Price Analysis: Key Levels to Watch
Ethereum’s price structure remains bullish as long as it holds above the $2,100 support level. According to analyst Sergio Tesla, ETH has been range-bound for four years but could break out soon.
However, Ethereum is facing challenges:
The ETH/BTC pair has been declining since 2017.
SOL/ETH has surged 1,000% since December 2022, highlighting Ethereum’s struggle against Solana.
Analyst Axel Bitblaze attributes this to Ethereum’s high gas fees and slow transactions. Meanwhile, Solana continues to attract retail investors and liquidity.
Also Read: Algorand Price Prediction 2025, 2026 – 2030
Ethereum Price Prediction 2025 & 2030
With the growing adoption of Ethereum ETFs, institutional interest, and network upgrades, analysts expect ETH to potentially surpass its all-time high in the coming years. Some forecasts suggest Ethereum price predictions of $8,000–$10,000 by 2025 and $15,000+ by 2030, depending on market conditions.
Ethereum’s price today might seem sluggish, but with historical trends, institutional inflows, and network improvements, a strong February rebound is possible. Traders should watch key levels and ETF inflows while staying updated on market trends.
Will Ethereum go up this month? If history is any guide, the odds look promising.