The last 24 hours have been interesting for the cryptocurrency industry and market, with United States President-elect Donald Trump launching his own “Official Trump” (TRUMP) meme coin. The value of the Solana-based meme coin has skyrocketed over 500% in the past 24 hours, with a market cap of over $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 Q1
In a recent post on social media platform historical records, the second largest cryptocurrency by market capitalization could witness. a resurgence before the end of March 2025.
Historically, the Ethereum price has almost always seen its strongest performance during the first three months of the year. Since 2017, the altcoin’s average Q1 return stands at approximately 82.69%; this is followed by the average second quarter return of almost 67%.
Source: Ali_charts/X
According to price action data, the only two times Ethereum failed to post positive performance were at the start of the 2018 and 2022 bear seasons. ETH price was down by nearly by 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, climbing over 500% in the first three months. This is followed by the 160% surge seen in early 2021 – the final year of the four-year crypto cycle.
If history is to be believed, Ethereum price could be gearing up for a surge before the end of March 2025. Besides its history of first-quarter rallies, ETH could be in the final year of its cycle, which often coincided with the strongest. performance for altcoin.
Ethereum Price Overview
At the time of writing, Ethereum price sits just below $3,300, reflecting a decline of almost 6% over the past 24 hours. This single-day action pushed the altcoin into a loss on the daily time frame, with the ETH price down more than 1%.
If ETH price wants to continue its trend of robust 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 mainly consolidated below the $3,500 zone.
The price of ETH on the daily timeframe| Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView
