Ethereum (ETH) – the second largest cryptocurrency by market capitalization – may finally get its moment in the first quarter of 2025. Crypto experts have taken to X to share their analysis on a potentially bullish start to the new year for ETH.
Ethereum price bullish action in the first quarter of 2025?
Although Ethereum is up almost 43% on a year-to-date (YTD) basis, its performance pale Compared to Bitcoin (BTC), which has increased in price by more than 115% in the same period. Additionally, alternative Layer 1 blockchains such as Solana (SOL) and SUI have significantly outperformed ETH throughout 2024.
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However, the momentum may soon turn in ETH's favor as experts suggest that the first quarter of 2025 could mark the bullish phase for the world's leading smart contract platform. ETH appears to be the case, according to cryptocurrency analyst Crypto Bullet formation A bullish flag on the daily chart, with a possible break to $6,000 by March 2025.
Similarly, cryptocurrency expert Anup Dhungana is highlighted Another bullish pattern is forming on the weekly chart. He pointed to an inverse head and shoulders pattern – a widely recognized bullish indicator that indicates an imminent price rally.
Based on Dhungana's analysis, ETH may reach $8,000 by May 2025. However, he also warned that the digital asset may first fall to $2,800 before hitting a new all-time high (ATH).
Veteran cryptocurrency analyst Quinten Francois also shared an interesting perspective. He noted that ETH has historically recorded exceptional gains during the first quarter of the year following the US presidential election. If this historical pattern holds, the first quarter of 2025 could be extremely bullish for Ethereum.
ETH to create a supply crisis?
In addition, galaxy research has been shared Some Ethereum 2025 price predictions say the digital asset will trade above $5,500 in 2025 due to potentially favorable regulations around staking and decentralized finance (DeFi).
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Galaxy Research also predicts Ethereum betting The rate will exceed 50% and will reduce the supply which can cause the price to rise sharply. The company explained:
The Trump administration is likely to provide more transparency and regulatory guidance for the crypto industry in the U.S. Among other outcomes, it is possible that point-based ETH ETPs will be allowed to sell a percentage of the ETH they hold on behalf of shareholders. to share Demand for shares will continue to rise in the coming year and will likely exceed half of Ethereum's circulating supply by the end of 2025, prompting Ethereum developers to more seriously consider changes to the network's monetary policies.
Additionally, Galaxy Research suggested that the ETH/BTC trading pair will close above 0.06 in 2025 due to anticipated regulatory tailwinds. A rise in this trading pair from its current low of around 0.03 could act as a catalyst for the expected trades. The second season.
A recent analysis by crypto analyst Carl Ronfelt also predicts A big move for ETH at the start of the new year. At press time, ETH was trading at $3,345, down 0.7% in the last 24 hours.
Featured image from Unsplash, charts from X and TradingView.com
