The last 24 hours have been an interesting one for the cryptocurrency industry and market, as US President-elect Donald Trump launched his own “Trump Official” meme (TRUMP). The value of the Solana-based meme has risen more than 500% in the past 24 hours, with a market cap of over $5 billion.
On the other hand, Ethereum (ETH) price struggled to keep up with the market, and failed to capitalize on its new bullish momentum. What can investors expect from the “king of altcoins” in the first few months of 2025?
An overview of ETH’s historical performance in the first quarter
In a recent post on social media platform X, prominent cryptocurrency analyst Ali Martinez said subscriber An insight into how the Ethereum price will perform in the first quarter of 2025. Based on historical price data, the second-largest cryptocurrency by market cap could see a recovery before the end of March 2025.
Historically, the Ethereum price has almost always delivered its strongest performance in the first three months of the year. Since 2017, the average altcoin return in Q1 has been around 82.69%; This is followed by an average Q2 return of around 67%.
Source: Ali_charts/X
According to price action data, the only two times Ethereum failed to record positive performance were at the beginning of the bear seasons of 2018 and 2022. The price of ETH fell by approximately 50% and 11% by the end of March in 2018 and 2022, respectively.
Meanwhile, the altcoin recorded its best performance in the first quarter of 2017, rising more than 500% in the first three months. This follows a 160% rally at the start of 2021 – the last year of the four-year cryptocurrency cycle.
If history is anything to go by, Ethereum’s price could be poised to rise before the end of March 2025. Along with its history of Q1 spikes, Ethereum may be in the final year of its cycle, which often coincides with its strongest cycle. Offers for alternative currency.
Ethereum price overview
As of this writing, Ethereum’s price is just below $3,300, reflecting a roughly 6% decline over the past 24 hours. This single-day action pushed the altcoin to a loss on the daily time frame, with the price of ETH falling by more than 1%.
If ETH price continues its strong Q1 performance pattern, a sustained close above the $3,500 psychological level could be the first step. Since mid-December, the cryptocurrency has been mostly consolidating below the $3,500 area.
The price of ETH on the daily timeframe| Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView