Historical Trend suggests Ethereum Price Targets for February

The cryptocurrency market is undergoing a strong volatility period with many warning signals from technical indicators and actions of major coins. Bitcoin has recently shown negative signals through a long-wick rejection candle in the US trading hours on Friday, leading to a sell-off momentum of most coins, including Ethereum (ETH). This article will analyze the technical factors, historical trends of ETH in February, and the prospects for its recovery in the future.

1. Current Market Context In the context of superior supply and the psychological concerns of investors, many cryptocurrencies are witnessing a significant price decline. Ethereum is no exception as its price has been pushed below the $2,500 mark. The long rejection candle of Bitcoin in the US trading hours shows the imbalance between buying and selling pressure, setting the stage for a general market sell-off.
2. Ethereum's Historical Trends in February One notable point is that Ethereum has a tendency to strongly recover in February based on historical data: Feb 2017: ETH increased by 47.3%.Feb 2022: Increased by 8.41%.Feb 2023: Increased by about 1.144%.Feb 2024: Increased by 46.7%. According to Cryptorank's statistics, ETH has made a strong recovery in February with a profit margin of about 28.8%. However, in this month, ETH decreased by 20.84% in 2025, showing that past performance does not guarantee future success. Investors need to pay attention to analyzing the current market psychology carefully instead of relying solely on historical figures.
3. Technical Analysis and Key Support Level The technical analysis of Ethereum is currently showing some negative signals: Price trend: ETH has dropped nearly 38% from $4,108 to $2,572 in the past two months.Strategic support level: Experts predict that ETH may further decrease by about 14% to reach the long-term support level around $2,200. This level is considered important and has been used by investors as a buying point since June 2022.Momentum indicator: The bearish crossover of the 50-day and 100-day Exponential Moving Averages (EMA) may create stronger selling pressure, increasing the likelihood of further price decline. Although the daily chart of ETH still shows a long-term uptrend, the breaking of short-term support levels may indicate that a temporary downtrend is continuing.
4. Adjustment Scenario and Recovery Prospects In the context of a sharp decline and breaking the $2,800 support level, the Ethereum market is facing the possibility of further correction. If the selling momentum does not stop, the price of ETH could drop another 14% to touch the $2,200 level - a level that has proven to be a significant support in previous corrections. Once this support level is reached, history shows that ETH tends to pause its decline and begin a recovery process. Past data suggests a promising recovery potential in February, even potentially helping the currency surpass the $4,000 level again. However, this also requires an improved market sentiment and reduced selling pressure.
5. Conclusion Although the cryptocurrency market is currently under pressure from excessive supply and negative technical signals, history has shown that Ethereum has experienced strong recoveries in February. The possibility of ETH dropping another 14% to touch the support level of $2,200 may present an opportunity for a price rebound, even potentially breaking the $4,000 level. However, investors need to note that: Do not rely solely on historical data: Each market phase has its own characteristics, and past successes do not guarantee the future. Market sentiment analysis: It is necessary to closely monitor current technical indicators and market sentiment to make the right decisions. Risk management: In a volatile context, applying effective risk management strategies is indispensable. In general, despite some short-term turbulence, the historical recovery trend of Ethereum in February could be a positive signal for investors seeking buying opportunities at support levels. Careful consideration of technical analysis and current market factors will be the key to making sound investment decisions.