Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish
27 Décembre 2024 - 8:30PM
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Historical data shows that the Ethereum price could enjoy huge
gains in the first quarter of 2025. Based on this data, crypto
analyst Kaduna predicted that the second-largest crypto by market
cap could usher in the altcoin season at the start of the new
year. Historical Performance Shows What To Expect From
Ethereum Price CryptoRank data shows that the Ethereum price could
enjoy positive monthly gains throughout the first quarter of 2025.
This is based on historical trends that show that Ethereum enjoyed
green monthly closes in Q1 of the 2017 and 2021 bull runs, the
following years after the Bitcoin Halving. 2025 is expected to
follow 2017 and 2021, as the Halving event occurred this
year. Related Reading: Here Are The Major Bitcoin
Support Levels To Watch As Bulls Push For $100,000 Again In 2017,
the Ethereum price enjoyed gains of 34%, 47%, and 215% in January,
February, and March, respectively. Meanwhile, in 2021, Ethereum
recorded gains of 78%, 7%, and 35% in the first three months of the
year. Therefore, ETH could replicate such massive gains in the
first quarter of next year. Based on this historical trend,
crypto analyst Kaduna suggested that this isn’t the time to bearish
on the Ethereum price, as he advised market participants not to
fumble their ETH bags. The analyst added that ETH will lead the
altcoin season, possibly as it replicates the 2017 and 2021 Q1
performances next year. This historical trend provides
a bullish outlook for the Ethereum price, which has underperformed
this year compared to other major cryptocurrencies. Ethereum boasts
a meager year-to-date (YTD) gain of around 47%. Moreover, the
second-largest crypto has struggled to hold above the psychological
$4,000 level and has come nowhere close to its current all-time
high (ATH) of $4,800. However, it is worth mentioning that
the Ethereum price hit its current ATH in 2021. As such, if ETH
replicates its 2021 run in 2025, then it could easily reach a new
ATH. ETH’s Time Will Come Crypto analyst Ted provided a
bullish outlook for the Ethereum price, stating that ETH’s time
will soon come. The analyst cited another data, which shows that
the first quarter of 2025 will be huge for Ethereum. He noted that
ETH and BTC’s dominance move inversely during a bull run.
Currently, Bitcoin’s dominance is on the verge of a big leg down,
which is why Ted is confident that ETH will soon pump to new
highs. Related Reading: Analyst Says XRP Price Will
Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ In
line with this, Ted boldly predicted that the Ethereum price will
reach $10,000 in 2025. Crypto analyst Trader Tardigrade also
provided a bullish outlook for Ethereum. He stated that the crypto
has completed the contracting triangle as a local bottom. His
accompanying chart showed that ETH could rebound towards
$4,000. At the time of writing, the Ethereum price is trading
at around $3,380, down in the last 24 hours, according to data from
CoinMarketCap. Featured image created with Dall.E, chart from
Tradingview.com
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