As Bitcoin ascends and descends based on multiple geopolitical factors, Ethereum is no exception to the volatility, which has been impacting the token significantly for the past few days. Will ETH be able to maintain a steady price rhythm this February? Let’s find out.
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Ethereum: New Developments
Ethereum is currently gaining the center spotlight, primarily due to Donald Trump and his rising inclination towards accumulating Ethereum. Trump’s World Liberty Financial has lately been accumulating ETH from the get-go, adding nearly 22,177 ETH tokens, per Nansen. The data portal later outlined how $340 million worth of ETH tokens were earlier added by the entity between 18 January and February 1st, showing an acute inclination towards Ethereum in particular.
In addition to this, ETH gained bullish ground due to Eric Trump’s recent remarks on Ethereum. In one of his tweets, Eric mentioned how “it’s the best time to add ETH; thank me later,” pushing Ethereum to touch and claim a stable price ground.
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The Token’s Price Path This Mid-February
Per CoinCodex, Ethereum may surge to sit at $3161 by February 20, 2025.
By the end of the month, CC predicts the token to stabilize around $2746.
“According to our current ETH price prediction, the price of Ethereum is predicted to drop by -1.38% and reach $ 2,746.18 by March 8, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 54 (neutral). Ethereum recorded 14/30 (47%) green days with 5.92% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a bad time to buy ETH.”
The token is also a part of major speculation in line with Musk’s recent comments. Musk shared how he wishes to shift parts of the US Treasury to blockchain, sparking rumors of how Ethereum could be the ultimate solution to this narrative. However, no official confirmation has been announced yet.
They probably chose ethereum
Trumps family is accumulating, and Trumps son said to thank him later
I’m bullish pic.twitter.com/IdsX8vkstH
— borovik (@3orovik) February 5, 2025
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