Ethereum Is Bullish In March: Here’s How It Has Performed In Previous Years

bitcoinistPublished on 2026-03-03Last updated on 2026-03-03

Abstract

Historical data indicates that Ethereum has typically been bullish in March, with an average return of 23.7% over the past 10 years. Only January and May have historically outperformed March in terms of average gains. However, 2026 has started negatively, with January and February both closing in the red with declines of 17.7% and 19.6% respectively. If historical trends hold—where the first three months often move in tandem—March 2026 could also end negatively. Currently, ETH is struggling around the $2,000 level with no clear signs of an upward move, raising the possibility of another double-digit decline.

Historically, the Ethereum price has been very bullish for the first quarter of the year, with a few exceptions, and the month of March has been no different from the first two months of the year. Therefore, as the market ushers in another month of March, this report takes a look at the performance of Ethereum this month, and if this historical performance can point out where the second-largest cryptocurrency by market cap could be headed.

Ethereum Is Ushering In A Bullish Month, But There’s A ‘But’

According to historical data from the CryptoRank website, the month of March has been one of the most bullish in history. Since its inception in 2015, only the months of January and May have surpassed the month of March in terms of average returns.

Looking at the number of years that the month of March has ended in the green, only the months of January and February can match it. Simply put, March has historically been one of the best months for investors who hold ETH. In that case, the probability of this month ending in green is also high.

As the website shows, over the last 10 years, there have been only three years where the month of March has ended in the red for Ethereum. Taking the monthly returns into account, it comes out to an average 23.7% for Ethereum in March.

Source: CryptoRank

However, there is a hitch due to the fact that the first three months of the year have often moved in tandem. There have only been a few years of deviation, and given the trend that the year 2026 has begun with, the Ethereum price might be in trouble.

Despite the high average returns, the months of January and February 2026 have both ended in the red. The former saw a 17.7% decline, while the latter has seen a 19.6% crash. If this trend plays out as it has in history, then the likelihood of March ending in the red has just become higher.

While it is too early to tell where the price might end, there has already been a lot of uncertainty. This is because ETH has continued to skirt around the $2,000 level, with no indications that an upward move is imminent. If it follows the months of January and February, then the Ethereum price could be looking at a double-digit crash.

ETH price still wobbly at $2,000 | Source: ETHUSDT on Tradingview.com

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Related Questions

QAccording to the article, how has Ethereum price historically performed in the month of March?

AHistorically, the month of March has been one of the most bullish for Ethereum, with an average return of 23.7% and it has ended in the green for 7 out of the last 10 years.

QWhich two months have historically surpassed March in terms of average returns for Ethereum?

AAccording to the historical data from CryptoRank, only the months of January and May have surpassed March in terms of average returns for Ethereum.

QWhat is the main concern for Ethereum's price performance in March 2026, as mentioned in the article?

AThe main concern is that the first two months of 2026, January and February, both ended in the red with significant declines. Historically, the first three months of the year often move in tandem, which increases the likelihood of March 2026 also ending with a loss.

QWhat specific price level is Ethereum struggling with, according to the analysis?

AEthereum is struggling to break away from the $2,000 price level, with no clear indications that a significant upward move is imminent.

QWhat was the percentage decline for Ethereum in January and February of 2026?

AIn January 2026, Ethereum saw a 17.7% decline, and in February 2026, it experienced a 19.6% crash.

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