Ethereum Price Forecast for February 29, 2024
Date: 2024-02-18 Author: Dima Zakharov Categories: BLOCKCHAIN
Ethereum's Recent Surge
Ethereum has been showing impressive price performance lately. On the evening of February 17, it was trading at $2770, marking an 11.3% increase over the past seven days. Compared to the previous year, Ethereum has seen a significant rise in value, climbing by 67%.
Predictions for February 29th
Analysts at Changelly have offered several forecasts for Ethereum's price at the end of February. They anticipate Ethereum to fluctuate between a low of $2782 and a high of $3024 on February 29th. The average price is expected to settle around $2903.
March Outlook
Looking ahead to March, Changelly analysts suggest that Ethereum's price may stabilize above $3000. With anticipation surrounding Ethereum-ETF approval and significant updates, there's optimism for further price increases.
Market Sentiment
Given the prevailing confidence in Bitcoin's potential for further highs, the likelihood of Ethereum reaching $3000 is growing among cryptocurrency market participants.
