Ethereum's February market exploded? The best month in history is coming!
February may be the "wealth month" for Ethereum! Looking back at history, February is often one of the months with the highest return rate for ETH, and it soared 173% in 2016! Although history does not represent the future, judging from the recent trend, Ethereum is still expected to usher in a strong rise again.
Currently, ETH is steadily rising above the 50 EMA support level, with the price stabilizing at $3,700, breaking through the key resistance level of $3,400, and market sentiment is brewing a new round of bull market. Historical data shows that the average return rate of Ethereum in February is as high as 34.3%, and this momentum seems to guide ETH into a high period again.
The key point is: ETH is facing a small resistance zone of $3,800 to $3,900. Once it breaks through, $4,200 is just around the corner! Of course, the short-term support level is still around $3,400. If it falls below, the market may have a risk of correction, but the overall bullish signal remains unchanged.
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