It's been an interesting last 24 hours for the cryptocurrency industry and market, with US President-elect Donald Trump launching his own “Official Trump” (TRUMP) meme coin. The value of the Solana-based meme coin has skyrocketed more than 500% in the last 24 hours, with a market capitalization of more than $5 billion.
The price of ethereum (eth), on the other hand, has struggled to keep pace with the market, failing to capitalize on its new bullish momentum. What can investors expect from the “king of altcoins” in the first months of 2025?
Overview of eth's historical performance in the first quarter
In a recent post on social media platform <a target="_blank" href="https://x.com/ali_charts/status/1880713270853570800″ target=”_blank” rel=”noopener nofollow”>shared an idea of how ethereum price could behave in the first quarter of 2025. Based on historical price data, the second-largest cryptocurrency by market capitalization could witness a resurgence before the end of March 2025.
Historically, ethereum price has almost always had its best performance in the first three months of the year. Since 2017, the average altcoin performance in the first quarter is around 82.69%; This is followed by the average second quarter return of almost 67%.
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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 2018 and 2022 bear seasons. eth price was down almost 50% and 11% at the end of March in 2018 and 2022, respectively.
Meanwhile, the altcoin recorded its best performance in the first quarter of 2017, soaring more than 500% in the first three months. This follows the 160% surge experienced in early 2021, the final year of the four-year crypto cycle.
If history is anything to go by, ethereum price could be gearing up for a rally before the end of March 2025. In addition to its history of rallies in the first quarter, eth could be in the final year of its cycle, which often has coincided with the strongest period. performances for altcoin.
ethereum Price Overview
At the time of writing, ethereum price sits just below $3,300, reflecting a drop of almost 6% in the last 24 hours. This single-day action has led the altcoin to a loss on the daily time frame, with the price of eth falling over 1%.
If eth price is to continue its pattern of strong performance in the first quarter, a sustained close above the psychological $3,500 level could be the first step. Since mid-December, the cryptocurrency has been mostly consolidating below the $3,500 region.
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The price of eth on the daily timeframe| Source: ETHUSDT chart on x/IzKhPudy/" target="_blank" rel="noopener nofollow">TradingView
Featured image from iStock, chart from TradingView
