ETH’s 30% Decline Makes February the Worst in Years, Grayscale Applies for ETF
Ethereum is experiencing a challenging month, with a 30% drop marking its worst February performance in years. The recent flash market crash wiped out over $400 billion from the market and caused the liquidation of more than $300 million in ETH trades. This crash has pushed Ethereum to 3-month lows, making it difficult for the altcoin to recover from this significant setback.
Typically, Ethereum has shown strong performance in February, often ending the month in the green. However, February 2025 has been a different story, with Ethereum down nearly 30%, making it the second-worst February performance in history. To turn things around, Ethereum bulls will need to push the price above $2600 within the next 48 hours.
There are two key reasons behind Ethereum’s disappointing performance this month. The first is the impact of the trade war triggered by Trump tariffs, which led to a crypto meltdown and the overnight liquidation of nearly $10 billion in leveraged crypto trades. The second reason is the ongoing loss of investor confidence in Ethereum, as indicated by bearish momentum revealed by key technical indicators like the RSI and MACD.
Despite the current challenges, there is optimism that Ethereum will eventually rebound. Long-term forecasters expect Ethereum to surpass the $7000 mark by the end of the year. In the short term, Ethereum is expected to continue trading sideways as investor and trader sentiments, as well as macro factors like Ethereum ETF approval and changes in crypto policy, influence its price movements.
It’s essential to stay informed about the latest developments in the cryptocurrency market to be prepared for any potential opportunities. By following Google News and receiving real-time alerts on major crypto plays, investors can make informed decisions and navigate the market confidently. As the market continues to evolve, being proactive and staying ahead of the curve will be crucial for success in the world of cryptocurrency.
