Ethereum (ETH) is closing January down about 3.5% at approximately $3,250, having underperformed compared to Bitcoin and altcoins like XRP and Solana. Despite this, analysts predict a rebound in February, driven by World Liberty Financial (WLFI), a DeFi protocol linked to Donald Trump, which has acquired 63,219 ETH for $200 million since November. Analyst Ted Pillows believes this buying spree could push ETH prices to between $4,000 and $4,500, especially considering Ethereum's strong historical performance in February, averaging a gain of over 17% over the past eight years. Conversely, analyst Axel Bitblaze points out Ethereum's struggles in the market, noting its stagnation in price despite commanding the largest share of DeFi's total value locked (TVL). The key support level at $2,100 is crucial for sustaining potential upward momentum. Overall, the Ethereum market remains cautious but opens the door for a potential breakout as influencer buying continues.

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