Etereum It continues to have a lower yield in the current market cycle of the market, since the cryptoactive records another bearish month, which generates concern about its potential to become parabolic in the short term. However, the month of February presents another opportunity for eth to grow due to its remarkable performance in the month over time.
It is likely that February causes profits for ethereum
Although Alcista expectations in Januaryethereum has failed to produce a significant price increase, and hopes now focus on February. While January has been disappointing for eth, February boasts of generating significant returns.
Market expert and inverter daan crypto trades <a target="_blank" href="https://x.com/DaanCrypto/status/1883561035984183714″ target=”_blank” rel=”noopener nofollow”>holds That eth is prepared for a possible bullish impulse, since its historical monthly price trends suggest that February will be a bullish month for cryptoactive. As for last performance, February has registered earnings 7 of 8 times in the history of eth.
An interesting thing about this data is the monthly average profitability. The recurring patterns of notable profits during the month are backed by greater adoption and improvement of the feeling of the market.
The data show that from January to May they are the best months in the history of eth. Meanwhile, summer seasons are quite bad for ethereum with Bitcóin stealing the attention center again since the Altcoin has a lower performance during this period.
Although February has been positive for eth in the past, Daan crypto Trades stressed that merchants should not base their decisions solely on historical yields. However, seasonality is a crucial factor in both cryptocurrencies and in the actions investigated and considered by many investors.
Since the next months seem up, it is likely that the asset experiences a persistent bullish trend. In this way, ethereum can gain the necessary impulse to achieve A new historical maximum in the short term.
Meanwhile, the following key levels to consider are the price range of $ 4,000 and $ 4,100 as the Altcoin prepares to test these objectives again. Daan cryptocurrency trade <a target="_blank" href="https://x.com/DaanCrypto/status/1882835415931240450″ target=”_blank” rel=”noopener nofollow”>noted that the ascending impulse of eth is testing the upper line of a massive descending wedge pattern.
Therefore, he believes that he is likely to test these levels once the Altcoin break with the pattern. In the price range, the analyst expects eth to face an important setback, urging investors to closely follow the trend.
eth suffers a strong setback
eth has received a great blow as the bearish pressure increases throughout the market, causing a fall close to the $ 3,000 mark. Coinmarketcap data shows that the Alternative currency It has fallen almost 9% in the last 24 hours.
This sudden setback has caused fear and uncertainty within the community. However, investors continue to demonstrate confidence in eth as the Altcoin persistently accumulate in the midst of recent volatility.
On the last day, its volume of operations increased by more than 120%. Historically, intensified Purchase pressure It has served as a precursor to a rebound. If this strong feeling of investors is maintained, ethereum could experience a rebound shortly.
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