While ETHEREUM promotions are advancing towards Blockchain in the long run, they lack the immediate impact needed to push bullish morale in the market, as analysts note.

ethereum (Eth) It is struggled to keep up with bitcoin (BTC) since Integration In 2022, he failed to stir up the Saudi moves in which many were hoping, analysts say.

In a conversation Note searchBlockchain, which is based in Singapore, indicated that most ETHEREUM promotions had no significant impact on the price of ETH. Instead of creating immediate changes in the market, these promotions appear to be part of a long -term strategy for the broader Blockchain adoption. "These promotions appear to be gradual steps," Matrixport notes.

Analysts note that Wall Street's interest in the Wall Street boxes was also in terms of land. They also notice that ETHEREUM has not accompanied the latest trends, as many people choose to issue coins on cheaper networks instead.

"Ethereum still faces challenges in consolidating the value proposal," Matrixport confirmed. However, there is still good news: Tether on ethereum recently exceeded on Tron (TX) Although "being a cheaper option", analysts note.

As Crypto.News Mentioned Earlier, Ethereum failed to Bitcoin this year, where he remained in the technical bear market after it decreased by 22 % of its highest levels in 2024. However, several factors indicate the possibility of an upward outbreak, where some expect Ethereum to reach $ 5,000 in The next few weeks.

Ethereum price was good in February. Since 2019, positive returns have been published every February, with an average of 17 % growth since 2017. While previous trends could not serve as a guarantee, there is increased optimism in the encryption community that may see Ethereum gains in February.