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Historical data shows that the price of Ethereum could enjoy huge gains in the first quarter of 2025. Based on this data, cryptocurrency analyst Kaduna predicted that the second-largest cryptocurrency by market cap could usher in the entry of the second-largest cryptocurrency by market cap. . Altcoin season At the beginning of the new year.
Historical performance shows what to expect from the Ethereum price
Cryptorank data It shows that Ethereum price could enjoy positive monthly gains throughout the first quarter of 2025. This is based on historical trends that show that Ethereum enjoyed a green monthly close in the first quarter of the uptrend of 2017 and 2021, in the following years after the Bitcoin halving. 2025 is expected to be followed by 2017 and 2021 Half happened It happened this year.
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In 2017, the price of Ethereum achieved 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 can replicate this Huge gains In the first quarter of next year.
Based on this historical trend, cryptocurrency analyst Kaduna suggested that this is not the time for a decline in the Ethereum price, as he advised market participants not to fumble with their Ethereum bags. The analyst added that ETH will lead Altcoin seasonperhaps because it repeats the first quarter performance of 2017 and 2021 next year.
This historical trend provides a bullish outlook for the price of Ethereum, which has underperformed this year compared to other major cryptocurrencies. Ethereum boasts a meager year-to-date (YTD) gain of around 47%. Furthermore, the second-largest cryptocurrency has struggled to stay above the psychological level of $4,000, and is nowhere near its current value. All time high (ATH) From $4800.
However, it is worth noting that Ethereum price reached its current ATH in 2021. As such, if ETH repeats its 2021 rally in 2025, it could easily reach a new ATH.
The time for ETH will come
Cryptocurrency analyst, Ted, gave a bullish forecast for the Ethereum price, stating that Ethereum’s time will come soon. The analyst cited other data showing that the first quarter of 2025 will be huge for Ethereum. He noted that ETH and Bitcoin dominance Move in reverse during a bull run. Currently, Bitcoin’s dominance is about to decline significantly, which is why Ted is confident that Ethereum will soon rise to new highs.
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In line with this, Ted boldly predicted that the price of Ethereum will reach $10,000 in 2025. Cryptocurrency analyst Trader Tardigrade also provided a bullish forecast for Ethereum. He stated that the cryptocurrency completed a contracting triangle as a local bottom. The accompanying chart showed that ETH could Rebound towards $4000.
At the time of writing, Ethereum’s price is trading at around $3,380, down over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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