It’s been an interesting past 24 hours for the cryptocurrency industry and market, with america president-elect Donald Trump launching his own meme coin “Official Trump” (TRUMP). The Solana-based meme coin’s value has skyrocketed by greater than 500% previously 24 hours, with a market cap of over $5 billion.
Ethereum (ETH) price, alternatively, has struggled to maintain up pace with the market, failing to capitalize on its newly found bullish momentum. What can investors expect from the “king of altcoins” in the primary few months of 2025?
Overview Of ETH’s Historical Q1 Performance
In a recent post on the social media platform X, distinguished crypto analyst Ali Martinez shared an insight into how the value of Ethereum could perform in the primary quarter of 2025. Based on historical price data, the second-largest cryptocurrency by market cap could witness a resurgence before the top of March 2025.
Historically, the Ethereum price has almost at all times put up its strongest performance in the primary three months of the yr. Since 2017, the common return of the altcoin in the primary quarter stands at around 82.69%; that is followed by the second quarter’s average return of nearly 67%.
Source: Ali_charts/X
In keeping with price motion data, the one two times Ethereum did not register a positive performance were firstly of the 2018 and 2022 bear seasons. The worth of ETH was down by almost 50% and 11% by the top of March in 2018 and 2022, respectively.
Meanwhile, the altcoin recorded its best Q1 performance in 2017, skyrocketing by greater than 500% in the primary three months. That is followed by the 160% surge experienced firstly of 2021 — the ultimate yr within the four-year crypto cycle.
If history is anything to go by, the Ethereum price could be gearing up for an upswing before the top of March 2025. Besides its history of Q1 rallies, ETH could be in the ultimate yr of its cycle, which has often coincided with the strongest performances for altcoin.
Ethereum Price Overview
As of this writing, the price of Ethereum sits just beneath $3,300, reflecting an almost 6% decline previously 24 hours. This single-day motion has pushed the altcoin right into a loss on the day by day timeframe, with the ETH price down by greater than 1%.
If the ETH price goes to proceed its pattern of sturdy Q1 performances, a sustained close above the psychological $3,500 level could be step one. Since mid-December, the cryptocurrency has mostly been consolidating beneath the $3,500 region.
The worth of ETH on the day by day timeframe| Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView