Ethereum is displaying mixed signals, unable to move in a particular direction. There are some signs of a possible recovery in the price of Ethereum. ETH is also approaching a record of monthly losses.
At the time of writing, ETH is trading at $1,949, with a 24-hour trading volume of $22.88 billion and a market capitalization of $232.69 billion.
Over the last 24 hours, ETH increased by 1.54%, according to CoinMarketCap data. Investors are weighing the potential for a strong rebound against the risk of setting a near-record decline.
Source: CoinMarketCap
Ethereum is Poised for a Strong Comeback
On February 28, 2026, well-known crypto analyst JAVON MARKS noticed that there is a hidden bullish divergence in Ethereum’s price charts. A bullish divergence is defined by a price that makes higher lows while its relative strength index (RSI) makes lower lows.
Source: X
According to Marks, ETH may be on its way to a strong comeback, with potential price growth of more than 150% if its current trend continues. Such growth may propel Ethereum to its all-time highs of over $4,800.
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ETH Risks Its Sixth Consecutive Monthly Loss
Meanwhile, another analyst has issued a warning that Ethereum is likely to suffer its sixth consecutive monthly decline. In case the trend persists, it would mean that ETH is approaching a record where it has had seven consecutive monthly declines, as it happened in 2018.
Source: X
The price movements of Ethereum are being monitored. The price movements of Ethereum that are of concern are its support price of $1,900 and its resistance price of $2,050. These will be the factors that will determine the price movements of Ethereum.
The overall sentiment, however, remains cautious due to the general uncertainty in the cryptocurrency market, which has resulted from the changing dominance between Bitcoin DeFi and Ethereum.
Ethereum, which may be monitored for investment purposes based on its balance of historical risk and potential recovery, is a subject of interest from the investor’s point of view. The current happenings in Ethereum may provide an insight into the general trends in the market.
The momentum can be monitored through indicators such as RSI and monthly patterns of the candles. The probability of an uptrend and the risk of a drop are also taken into account. This is reflected in the monthly losses.
Also Read | Ethereum Drops 8% as Broad Crypto Sell-Off Pushes ETH to $1,800 Support
