The landscape surrounding Ethereum is even worse: the red streak lasts six months.
Although the stock recovered somewhat from its 15-month low, the month still ended in the red with a painful double-digit decline. This made it five in a row.
February is also deep in the red
The current situation at the beginning of October was almost unimaginable. At the time, Bitcoin’s price was high, reaching new highs above $126,000, and the community expected even more records during the so-called ‘Uptober’. However, the reality was very different and cruel.
On October 10, the cryptocurrency market experienced its worst one-day liquidation event, wiping out more than $19 billion as prices plummeted. As many analysts argued after that pivotal day, something broke in the market structure, and it was never the same.
Bitcoin started charting frequent losses and was dumped into a five-digit price area by the end of the year. It ended 2025 in the red, making it the first year after the halving in which this happened. January started well, but the $98,000 rejection resulted in another nosedive. For example, January saw losses of just over 10%.
Another massive crash occurred in early February, sending Bitcoin to its lowest level since October 2024 at $60,000. Although the price recovered to end February around $65,000-$66,000, the month still ended with a decline of 15%. This marked the fifth month in a row in the red for the first time since 2018.
Ethereum goes one step further
Data from Cryptorank shows that the landscape around the world’s largest altcoin is even more painful. ETH has been in the red for six months in a row. Moreover, the country has only been in the green for three of the past fifteen months.
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January and February were quite brutal, with a drop of 17.7% in the first month of the year and a whopping 19.6% in the second month. This is the worst monthly streak for ETH since 2018, when it was in the red for seven consecutive months.
ETH is currently fighting to stay above $2,000 after repeatedly falling below that level over the past month.
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