Amid its underperformance, Ethereum is set to enter its most bullish month in history. This has sparked a positive sentiment among investors, who hope for a bullish reversal. Crypto analysts have also made bullish predictions for ETH based on the crypto’s historical performance in February. 

What To Expect As Ethereum Enters Its Most Bullish Month

Cryptorank data indicates that investors can expect Ethereum to make significant gains as it enters its most bullish month in February. ETH has recorded positive monthly closes in February for the last six years. In fact, the crypto has only recorded a negative monthly close once, which was in 2020.

Last year, Ethereum recorded a 46.7% gain in February, its second-highest monthly gain in 2024, behind the 47.4% gain it recorded in November. Meanwhile, it is worth mentioning that ETH’s average monthly gain in February is 34.4%. Based on this, the ETH price could rally to as high as $4,300. 

Such a rally would be significant as it could pave the way to a new all-time high (ATH) for Ethereum, as crypto analysts like Ali Martinez have suggested. Martinez recently alluded to ETH’s bullish historical performance in February as one reason why this wasn’t the right time to give up on it. 

Crypto analyst Ted also made a bullish case for ETH heading into February. He predicted that the crypto could rally to as high as $4,500 next month and that a new all-time high for ETH by March is highly likely, especially if Donald Trump’s World Liberty Financial keeps buying Ethereum. 

Interestingly, in another X post, the analyst also predicted that ETH could rally to between $9,000 and $10,000 in the next three to four months. Crypto analysts like Titan of Crypto and CrediBULL Crypto have also predicted that ETH can reach $10,000 in this market cycle. 

Ethereum’s Roadmap For 2025

In an X post, Titan of Crypto highlighted Ethereum’s 2025 roadmap while asserting that ETH is gearing up for a major move up this year. As part of the roadmap, he highlighted profit zones on his accompanying chart, in which investors should be looking to secure profits. The first take profit zone he highlighted is at $5,664. 

The second take-profit zone is at $7,400, the third is at $8,500, and the fourth is at $10,000, indicating that ETH can indeed reach this psychological $10,000 price level in this market cycle. Ethereum whales have been actively accumulating in anticipation of a significant price surge. Ali Martinez revealed that these whales bought over 100,000 ETH during the recent price dip. 

At the time of writing, the Ethereum price is trading at around $3,200, up over 1% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

The Tokyo-based cryptocurrency project JasmyCoin (JASMY) price surged by over 20% on Friday, gaining significant traction among crypto market participants. Notably, the coin has rallied intraday against the backdrop of strong technical indicators, defying the current broader crypto market’s volatile trend. Simultaneously, market participants anticipate whether the coin could sustain a price rally ahead, primarily in the wake of macroeconomic events impacting broader market sentiments.

Here’s Why JasmyCoin’s Price Is Pumping Today

Notably, JasmyCoin’s price appears to be pumping primarily due to strong market technicals, defying broader trends. According to market enthusiast Paul Webborn on X, the token further reflects a highly bullish outlook, with its current surge in line with the Elliott Wave theory.

For context, the Elliott Wave theory is a technical analysis that suggests prices move in repetitive patterns called waves. These waves are categorized as ‘primary, intermediate, and minor.’

As per the market enthusiast, the token has completed primary waves 1 to 4, leaving room for gains as the final impulse wave (5) progresses. The next resistance level lies at $0.082, whilst $0.32 remains the final target, per the market analyst. Overall, this bullish projection and market breakdown have echoed noteworthy optimism surrounding JasmyCoin’s price action ahead.

Derivatives Market Signals Rising Market Interest

Further, the derivatives data for the asset underscored heightened market interest in the asset as it showcases the potential for further gains. According to the latest Coinglass data, JASMY futures OI shot up by 44%, reaching $63.10 million today.

Further, the derivatives volume witnessed a staggering 648% increase to $562.54 million. As a response, JasmyCoin’s price surged remarkably amid burgeoning market interest and further money inflow to its ecosystem.

Coin’s Price Shoots 23%

As of press time, JASMY token’s price witnessed a 23% surge in value and is currently sitting at $0.03253. The coin’s intraday bottom and peak remain at $0.0261 and $0.03392, respectively. Further, intraday trading volume for the asset rose by 443% to $553.15 million, underscoring optimism among traders amid the recent pump,

It’s also worth mentioning that the coin defies the current crypto market trend ahead of the U.S. PCE inflation data release. Bitcoin & altcoins witness a turbulent action after unchanged interest rates this FOMC whilst the PCE data looms. Despite these macroeconomic events bringing investor uncertainty around risk assets, JASMY continues to pump.

Meanwhile, market analyst ‘CryptoELITES has further posted on X, portraying a bullish outlook for the coin. “Jasmy is heading to $0.31 very soon,” the analyst added, sparking optimism over the future price action for the token.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.