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ETH could be heading for its worst February in a long time.
If ETH price drops below $2,400 this week, ETH closes the month in red.
Analysts remain anxious as they watch the charts closely, will ETH recover in time?
The crypto market just experienced a brutal market dip with $110 billion wiped out in 24 hours and the price of Bitcoin (BTC) dropping to almost $90,000. Following this dip, altcoins prices dropped as well and ETH could be heading for its worst February if ETH price drops below $2,400 with its price now hanging around $2,490.
ETH Could be Heading for its Worst February
This is indeed troubling news for the crypto market and for the highly anticipated altseason peak phase of the ongoing crypto bull cycle. Historically, the months of February and March have always been bullish for Ethereum where the pioneer altcoin asset closed both months in highly bullish green.
$ETH could be heading for its worst February if it drops below $2400. 📉Historically, February has been bullish for ETH, with only one red month in 2018. But with a 23% drop already, this could be another exception.Macroeconomic uncertainty, including new tariffs from the… pic.twitter.com/YyW5ZhIv7V
— Spot On Chain (@spotonchain) February 25, 2025
Presently, the price of ETH seems to be struggling. As we can see from the post above, this analyst says ETH could be heading for its worst February if it drops below $2400. The post goes on to highlight how historically, February has been bullish for ETH, with only one red month in 2018.
Can ETH Manage to Close Above $2,400?
Now, with a 23% drop already in ETH price, this year’s February could be another exception. Additionally, macroeconomic uncertainty, including new tariffs from the Trump administration, adds to the pressure. Finally, the analyst asks, will ETH recover, or is more downside ahead? Seasoned analysts hold strong and watch the market with bated breath.
