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Ethereum fell by 7% in a month

12:11 pm, January 27, 2025

Cryptocurrency experts note: Ethereum ETH $2,820.84 Bridged Ether (StarkGate) 2.15% Market capitalization $0.25 billion VOL. 24 hours $1.72 billion ended January with a drop of almost 7%, which contrasts with the trends of the broader cryptocurrency market, including the growth of bitcoin. Since the beginning of the year, the price of ETH has dropped from $ 3,400 to $ 3,170, but historical data shows that February and March are traditionally favorable for this cryptocurrency.

Over the past six years, Ethereum has shown growth in February, except in 2018, when it lost some of its value after a 50% increase in January. The highest growth was recorded in 2024 — by 46% per month. In March, the situation was also mostly positive: in seven out of nine years, ETH showed an increase.

Analysts and supporters of Ethereum remain optimistic despite the slight drop. An analytics engineer known as Wolf called Ethereum «the best asymmetric bet» and emphasized its potential. At the same time, the community is actively discussing the recent changes in the leadership of the Ethereum Foundation, which, according to participants, have increased the motivation of the community.

Despite short-term losses, Ethereum continues to be a key asset in the cryptocurrency market with long-term growth prospects, especially in light of the historically favorable spring months.

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BTC

$96,245.42

-0.23%

ETH

$2,820.84

2.15%

BNB

$657.98

-1.70%

XRP

$2.58

0.17%

SOL

$168.17

-2.16%

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