Ether (ETH) will be closed in January with a red color of about 3.5% for about $ 3,250 on January 31. Bitcoin (BTC) such as XRP (XRP) and Solana is delayed behind Altcoins with low performance. ).
Top -level cryptocurrency and performance. Source: Mesari
Nevertheless, some market watchers are convinced that ether prices will pop back in February.
WLFI purchase ETH will increase the price
According to Data Resources Arkham Intelligence, the World Liberty Financial (WLFI), a Defi protocol related to President Trump and his family, has purchased $ 200 million worth $ 200 million since November.
Some analysts are recognized as a strength in cryptocurrency that is being purchased with Trump and WLFI. For example, the analyst Ted pillow suggests that in February, ETH can easily hit $ 4,500 and the WLF can make a new record until March, as the WLF purchases thousands of ETH.
He also quotes Ether’s optimistic rejection during the deep -led global market path and confirms the strong demand of the accumulation area as shown below, which can pursue a “short -term expansion” in the coming month.
Source: Ted Pillow
Analyst Lark Davis also points out Ether Leeum’s strong historical achievements in February over the past eight years. On average, ETH has earned more than 17% over a month, with only nine positive profits and one negative number.
Source: Lark Davis
If history is repeated, the price of ETH can rise towards $ 4,000-4,500 in February, and Trump’s WLFI can buy “Ethereum truckrodes” and support the overall rise forecast.
ETH prices must be maintained at more than $ 2,100
ETH/BTC pairs have been bleeding since 2017. The same can be said about Ether’s price performance for Solana, and the SOL/ETH pairs, which have been widely traded since December 2022, have increased by more than 1,000%.
SOL/ETH vs. ETH/BTC price performance comparison. Source: TradingView
The analyst, AXEL BITBLAEE, criticizes Ether Leeum’s struggle and slow transactions to recover 2021 at high gas costs.
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The analyst said, “Solana operates a retail store, makes encryption again, and attracts real liquidity.
“The worst is that ETH still dominates Defi TVL, but price behavior is dead. The system will not be purchased and the retail store will not care.”
The best rivals of Ether Leeum’s performance decrease in matching the extended bound price measures.
In the past four years, ETH has been trapped in a wide range of integrated areas and cannot be removed towards the new high, according to the analyst Sergio Tesla.
More recently, the ETH/USD pairs have been fixed within the 50 -day range, reflecting similar patterns in a larger period, and previously brake out.
ETH/USDT weekly price chart. Source: TradingView
As a result of this fractal, Tesla says that Ethereum’s HTF (Hight TimeFrame) market structure is still optimistic with $ 2,100’s main support/resistance (S/R) flip that provides a strong foundation.
As long as this level is maintained, ETH can build momentum for the final escape in February and after.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.