[Analysis] "Ethereum Already Down 23%... Possibility of 'Worst February'"
JOON HYOUNG LEE
Summary
- On-chain analysis platform Spot On Chain mentioned the possibility of Ethereum falling below $2,400 and warned of the 'worst February.'
- February has historically been a bull market for Ethereum, but this year it has already fallen by 23%, raising the possibility of becoming a new exception case.
- Macroeconomic uncertainties, especially the new tariff policies of Trump's second administration, are adding additional pressure, according to the report.
There are forecasts that Ethereum (ETH) could fall below $2,400 this month.
On-chain analysis platform Spot On Chain announced on the 25th through its official X (Twitter) account, "Ethereum could face its worst February if it falls below $2,400."
Spot On Chain stated, "February has historically been a bullish period for Ethereum," adding, "Bearish trends only occurred in 2018, but this year it has already fallen by 23%, increasing the possibility of becoming another exception." They further added, "Macroeconomic uncertainties, including the new tariff policies of Trump's second administration, are adding additional pressure."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul