$ETH Get ready for an Ethereum rally in February!💸🚀

$ETH Historically, February has been a positive month for Ethereum. In 2024, for example, ETH accumulated a 46.28% increase in this period. Historical data indicates that Ethereum returns, on average, 17.13% in the month, making February its second best month in terms of performance. 

However, it is important to note that the cryptocurrency market is highly volatile. Recently, ETH faced resistance in the $3,150 to $3,200 range, which has hindered a more robust recovery. The Relative Strength Index (RSI) at 43.41 indicates a lack of buying strength to confirm an uptrend. 

For the next few days, it will be crucial for Ethereum to overcome the aforementioned resistance to confirm a recovery. Otherwise, it could retest support in the $3,000 region. Investors should monitor these levels and be aware of the risks associated with market volatility. (This is not an investment recommendation)