Ethereum Faces Worst February Since 2018 Amid Market Pressure
Ethereum risks its worst February if it falls below $2400, with macroeconomic factors adding to the pressure. Can ETH recover?
- ETH risks its worst February since 2018 if it drops below $2400.
- A 23% decline so far raises concerns despite historical February bullishness.
- Macroeconomic uncertainty, including new tariffs, adds further pressure.
Ethereum (ETH) is facing one of its worst February performances in history, with prices teetering near the critical $2400 mark. Historically, February has been a bullish month for ETH, with only one red month recorded in 2018. However, with a 23% decline already in place, traders are now questioning whether the trend has shifted.
Historical Trends vs. Current Market Conditions
ETH has historically shown strong performance in February, benefiting from seasonal bullish trends and market momentum. However, this year is proving to be an exception, with significant sell-offs dragging prices lower. If ETH falls below $2400, it will mark its worst February since 2018, raising concerns about a prolonged downtrend.
Macroeconomic Uncertainty Weighs on ETH
Beyond technical factors, macroeconomic conditions are adding to the downward pressure. Recent developments, including potential new tariffs under the Trump administration, have created uncertainty in global markets. Investors are reacting cautiously, leading to increased volatility in cryptocurrencies like ETH.
What’s Next for Ethereum?
While ETH faces strong resistance in its recovery, analysts remain divided on whether the downtrend will continue. Bulls are looking for signs of a bounce, potentially driven by positive on-chain activity or renewed market confidence. However, if ETH fails to hold above $2400, further downside could be expected.
As the month nears its end, all eyes are on ETH’s price action. Will it stage a recovery, or is more downside ahead? Traders and investors should stay cautious and monitor key levels closely.
