The cryptocurrency industry has witnessed the arrival of a plethora of new assets. Despite this, Bitcoin (BTC) and Ethereum (ETH) stood unfazed. Both these coins have managed to remain at the top for more than a decade now. While Bitcoin has continued to record new peaks and stun the globe, Ethereum was lagging behind in terms of price. But things could change for the asset as it takes on a bullish journey in February 2025.
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Ethereum Tries To Latch On To $3,200
Despite being the largest altcoin, ETH has been on the sidelines. Several assets were seen reclaiming previous peaks while a few others were recording new ones. Amidst this, ETH continued to trade below its all-time high of $4,891.70. The closest that ETH has got to this milestone is $4,106.96.
The second-largest cryptocurrency has been on a downtrend this entire month. While the asset started January 2025 at a high of $3,712, it failed to keep up. ETH dropped to a low of $2,920.59 leaving its investors in fear. But the altcoin was seen bouncing back. At the time of writing, ETH was trading at $3,194.09 following a 1.32% rise over the past 24 hours.
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Bringing Out Historic Data
History plays an important role in the cryptocurrency ecosystem. Time and again analysts employ older charts to decipher the future path of an asset. Similarly, cryptocurrency analyst Lark Davis pointed out that ETH surged by 46% in February 2024. In addition, the average profits that Ethereum garnered in February stands at 17%. Davis also highlighted how Donald Trump’s World Liberty Financial has been buying an increased number of ETH. All these factors could come as a major boost to the Ethereum network.
ETH Price Prediction
According to CoinCodex, ETH is set to record a major uptick in February 2025. The asset will reportedly trade at a maximum price of $4,489 during the month. This further highlights a 40% increase from its current price level. Furthermore, the average trading price of ETH is expected to be around $3,797.
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