Historically, the price of Ethereum has been very bullish in the first quarter of the year, with a few exceptions, and March has been no different than the first two months of the year. Therefore, as the market ushers in another March, this report examines how Ethereum has performed this month, and whether this historical performance can indicate where the second-largest cryptocurrency by market capitalization could be headed.
Ethereum ushers in a bullish month, but there is a “but”
According to historical data from the CryptoRank site, the month of March was one of the most bullish in history. Since its inception in 2015, only January and May have surpassed March in terms of average returns.
Looking at the number of years that March has ended in the green, only January and February can match it. Simply put, March has consistently been one of the best months for investors holding ETH. In this case, the probability of this month ending in green is also high.
As the website shows, in the last 10 years there have only been three years where March ended in the red for Ethereum. Taking into account monthly returns, this works out to an average of 23.7% for Ethereum in March.
There is, however, a problem that the first three months of the year have often happened in tandem. There have only been a few years gap, and considering the trend with which the year 2026 started, the price of Ethereum could be in trouble.
Despite high average returns, January and February 2026 both ended in the red. The former saw a decline of 17.7%, while the latter saw a crash of 19.6%. If this trend continues as it has historically, then the likelihood of March ending in the red just got higher.
Although it is too early to say where the price might end, many uncertainties already remain. Indeed, ETH continued to skirt the $2,000 level, with no indication that an upward move is imminent. If this follows January and February, then Ethereum price could see a double-digit crash.
Featured image of Dall.E, chart by TradingView.com
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