Mantle Restaked Ether USD Price & Performance (CMETHUSD)

Grayscale's recent filing for an Ethereum Spot ETF has been overshadowed by Ethereum's significant 30% drop in February, marking one of its worst months historically. Despite the filing's potential to attract institutional interest, bearish momentum and declining investor confidence have kept ETH prices subdued, trading below $2,400 as of late February.12

Ethereum's price has dropped over 11% in a single day, hitting its lowest levels since October 2023. The decline is tied to rising U.S. recession risks, triggered by escalating trade tensions and tariffs. Correlation with risk-on assets like the S&P 500 suggests ETH may face further pressure amid broader economic uncertainty.23

Ethereum's price has rallied 8%, surpassing $2,000, after a bullish breakout from an ascending triangle pattern. Increased activity among large ETH holders and improved technicals have contributed to this rebound. Analysts suggest further gains are possible if ETH flips resistance levels into support in the coming days.45