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Sujit Kumar
Jan 27, 2025
by Sujit Kumar

Ethereum’s Bullish History: Can It Overcome the Recent Dip?

Ethereum’s Bullish History

Table of contents

  1. Ethereum’s Strong Performance in February and March
  2. On-Chain Data Indicates a Potential Rally
  3. Spot Ethereum ETF Inflows and Institutional Interest
Ethereum (ETH) has been facing a downturn, dropping over 7.87% and testing the critical $3,000 support level. With weekly losses nearing 10% and liquidations exceeding $84.5 million, investor sentiment is low. However, historical data suggests that ETH might soon rebound.

Ethereum’s Strong Performance in February and March

Despite its recent struggles, Ethereum has shown a consistent bullish trend in February over the past six years. In February 2024, ETH surged 46%, climbing from $2,280 to $3,380. Similarly, March has been profitable for ETH, recording gains in seven of the past nine years, with April also delivering positive returns.

On-Chain Data Indicates a Potential Rally

Crypto analyst Ali Martinez identified $6,770 as a key price level, citing Ethereum’s tendency to surpass the 3.2 MVRV band in bull cycles. Meanwhile, Ethereum remains the highest-earning blockchain, generating $2.48 billion in fees in 2024, nearly three times Solana’s revenue.

Spot Ethereum ETF Inflows and Institutional Interest

Ethereum spot ETF inflows hit $139 million last week, with BlackRock’s ETF contributing $135 million. Meanwhile, co-founder Vitalik Buterin’s investment in Etherealize aims to bridge Ethereum with Wall Street, increasing institutional adoption.

With strong fundamentals and historical bullish momentum in February and March, Ethereum may soon see a reversal despite short-term volatility.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Ethereum’s Bullish History
Ethereum’s Bullish History: Can It Overcome the Recent Dip?
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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