$ETH

As of February 20, 2025, Ethereum (ETH) is trading at approximately $2,728.54.

Recent analyses indicate a bullish trend for Ethereum. A report from CoinGape highlights a bullish engulfing pattern on the weekly chart, suggesting strong momentum favoring buyers. This pattern could signal a continuation of the uptrend, potentially revisiting the all-time high of $4,864.

Additionally, BeInCrypto reports that stablecoin inflows and rising Total Value Locked (TVL) on the Ethereum network suggest capital is shifting from Solana to Ethereum. This influx of liquidity could further bolster Ethereum's price, with potential to reach key resistance at $3,020 and possibly rally towards $3,442.

However, it's essential to consider potential downside risks. Xcoins notes that if Ethereum fails to maintain support above the $2,350–$2,400 range, it could retest the $2,100 level.

In summary, while Ethereum shows bullish indicators, traders should monitor key support and resistance levels closely.