Ethereum experiences 7% decline in January

Ethereum (CRYPTO:ETH) has faced a challenging start to 2025, dropping nearly 7% in January while diverging from the overall positive trends in the cryptocurrency market.

As of January 27, the price of Ether (ETH) fell from a high of $3,400 at the beginning of the month to an intraday low of $3,170, according to CoinGecko.

Despite this downturn, analysts remain optimistic about the upcoming months, noting that February and March have historically been strong for Ethereum.

Data indicates that ETH has only recorded a loss in February once since 2018, following a significant gain in January that year.

Futures trader "CoinMamba" pointed out that February and March are typically favorable months for Ethereum, with consistent gains observed over the years.

For instance, in 2024, ETH experienced a remarkable increase of over 46%, rising from $2,280 to $3,380 by the end of February.

Similarly, February 2017 saw ETH gain approximately 48%, climbing from $11 to just below $16.

March has also been beneficial for Ethereum, with gains recorded in seven out of the last nine years.

Despite the recent price drop, Ethereum supporters and analysts maintain a positive outlook on its potential.

Engineer and analyst “Wolf” expressed confidence in Ethereum's long-term prospects, stating that they have never seen a chart as strong as ETH's.

Additionally, Ethereum educator Anthony Sassano commented on recent changes within the Ethereum Foundation, highlighting a renewed community enthusiasm for progress.

Currently trading down about 4.5% on the day at around $3,183, Ethereum remains significantly lower than its all-time high of $4,878 reached in November 2021.

At the time of reporting, the Ethereum (ETH) price was $3,159.03.