Ethereum, comparative to Bitcoin also marks its new all-time. The overview of ETH is still extremely bullish and the usage of its blockchain with most of the altcoins does not defer the DeFi market. Despite lucrative gas fees attached to Ethereum, this digital asset still keeping its demands. Some speculators also, viewed this asset as hard to obtain since some of the tokens are locked in smart contracts and some applications. 

Ethereum on DeFi

The DeFi market has been growing exponentially and has exploded in the last 12 months. The growth extrinsically obtained through pooling, swapping, and yielding. Witnessing a massive market capitalization of the DeFi market roughly $45 billion. Ethereum on the other hand sustained the birth of DeFi, and with so many projects in place, Ethereum is still a good buy.

DeFi's rally in the market is pretty impressive and we see more from financial moguls such as Wall Street, J.P Morgan, and many more talks about cryptocurrencies. The bullish trend will continue until the end of 2020. 

Ethereum's Price Analysis

Every investors and crypto enthusiast are very much interested in Ethereum as this is the 2nd largest cryptocurrency. With the variety of expectations from various sectors let us dissect some useful insights on what to expect with Ethereum by the end of February.

The data speaks for Ethereum, as Bitcoin grows astronomically, Ethereum follows. And when BTC starts slowing down, Ethereum also fluctuates and getting ready for another explosion. Ethereum thus collaborated with Cosmos (ATOM) according to a report. Mainly focusing on money exchange and data from different blockchains. With news from various sources, Ethereum is surely still on the lookout for price rolling in the $2000 level by the end of February.

Technical Analysis for Ethereum 

Since Ethereum is relatively mimicking Bitcoin price patterns RSI shows that this asset is also overbought. However, if we look at the Fibonacci retracement there's a big chance that the price will touchback on the mid-ground $1570. It is expected to have a temporary consolidation then back up to $1800 in mid-February.

Consolidation usually the best entry for cryptocurrencies as it is preparing for a skyrocket launch without breaking the major support lines. And if demand continues to be seen it could end the month with a price of $2000.