ETH Falling Wedge Pattern Breakout Begins, February Historically Favorable for ETH Price Pump

• Ethereum shows promising signs of experiencing a parabolic price pump soon.
• Historically February has been a good month for ETH price pumps.
• ETH could hit a new ATH of $5,000 and higher soon.

The crypto market enters February 2025 with stronger bullish expectations despite the fact that the Crypto Fear & Greed Index has fallen to a score of 68 pointing to ‘Greed’ over yesterday’s ‘Extreme Greed’ sentiment. The dip may be due to BTC price falling to $102,000, however, the bullish sentiment comes from Ethereum’s price and its pump potential this month.

February Historically a Favorable Month for ETH Pumps

To highlight, the price of Ethereum (ETH) is now at $3,300 showing a pump of over 2% in the last 24 hours. The pioneer altcoin asset it yet to overtake its previous bull cycle’s ATH of $4,891.70. Analysts expects ETH price to surpass this and set new ATHs starting from $5,000 ATH target and continue to set a string of new ATHs from this month onwards.

Statistically, February is the best month for #Ethereum 🟢$ETH closed February in the red only once (in 2018)

Just saying 😌 pic.twitter.com/Q3MeqkMJt0

— CryptoBullet (@CryptoBullet1) January 31, 2025

This move will usher in new ATHs for more altcoins thereby ushering in the peak of this bull cycle’s altseason. As we can see from the post above, this reputed analyst draws attention to historic data that marks February as a bullish month for Ethereum (ETH) in previous years. Despite ETH’s red close in 2018, most analysts are certain ETH price will pump this month.

Ethereum Falling Wedge Pattern Breakout Begins

#Ethereum Breakout Underway! 💥🚀

As anticipated, the bullish divergence kicked in, and #ETH’s falling wedge has now played out. 🫡 pic.twitter.com/ERshYxRzNu

— Titan of Crypto (@Washigorira) January 31, 2025

Another analyst adds to the bullish expectation for ETH bull prices in February 2025. As we can see from the post above, this analyst highlights a breakout in the ETH price chart. As expected, the bullish divergence for ETH has kicked in, he says. In conclusion, he expects the ETH falling wedge pattern to play out and lead ETH to a new ATH soon.

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