It’s been an attention-grabbing previous 24 hours for the cryptocurrency trade and market, with the United States president-elect Donald Trump launching his personal meme coin “Official Trump” (TRUMP). The Solana-based meme coin’s worth has skyrocketed by greater than 500% prior to now 24 hours, with a market cap of over $5 billion.
Ethereum (ETH) worth, then again, has struggled to maintain up tempo with the market, failing to capitalize on its newly discovered bullish momentum. What can investors expect from the “king of altcoins” within the first few months of 2025?
Overview Of ETH’s Historical Q1 Performance
In a latest submit on the social media platform X, distinguished crypto analyst Ali Martinez shared an perception into how the worth of Ethereum might carry out within the first quarter of 2025. Based on historic worth information, the second-largest cryptocurrency by market cap might witness a resurgence earlier than the tip of March 2025.
Historically, the Ethereum worth has virtually at all times put up its strongest efficiency within the first three months of the 12 months. Since 2017, the common return of the altcoin within the first quarter stands at round 82.69%; that is adopted by the second quarter’s common return of almost 67%.
Source: Ali_charts/X
According to price action data, the one two occasions Ethereum didn’t register a optimistic efficiency have been originally of the 2018 and 2022 bear seasons. The worth of ETH was down by virtually 50% and 11% by the tip of March in 2018 and 2022, respectively.
Meanwhile, the altcoin recorded its finest Q1 efficiency in 2017, skyrocketing by greater than 500% within the first three months. This is adopted by the 160% surge skilled originally of 2021 — the ultimate 12 months within the four-year crypto cycle.
If historical past is something to go by, the Ethereum worth is likely to be gearing up for an upswing earlier than the tip of March 2025. Besides its historical past of Q1 rallies, ETH is likely to be within the ultimate 12 months of its cycle, which has typically coincided with the strongest performances for altcoin.
Ethereum Price Overview
As of this writing, the price of Ethereum sits simply beneath $3,300, reflecting an virtually 6% decline prior to now 24 hours. This single-day motion has pushed the altcoin right into a loss on the day by day timeframe, with the ETH worth down by greater than 1%.
If the ETH worth goes to proceed its sample of sturdy Q1 performances, a sustained shut above the psychological $3,500 stage is likely to be step one. Since mid-December, the cryptocurrency has principally been consolidating beneath the $3,500 area.
The worth of ETH on the day by day timeframe| Source: ETHUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
