Ethereum (ETH) has had a mixed year, lagging behind other major cryptocurrencies. Analyst known as Mister Crypto highlights Ethereum's historical performance in the year following Bitcoin's halving. Data suggests the first quarter following a halving year often yields substantial gains.
Historical Q1 Performance of Ethereum
Ethereum has consistently performed well in the first quarter, with an average return of 93%. The last significant rally occurred in early 2021, when ETH surged by over 300%, outperforming Bitcoin.
Current Challenges for ETH in 2024
In 2024, Ethereum faces significant challenges, including a 35% decline against Bitcoin. With no clear bullish catalyst in sight, the future remains uncertain for both Ethereum and the broader altcoin market.
Technical Indicators and Prospects
Technical indicators suggest further short-term downside for Ethereum. Investors and analysts continue to watch the market expectantly for potential changes.
Ethereum faces challenges in 2024, but historical data shows hope for a positive first quarter in 2025. The persistent uncertainty calls for a cautious approach to market forecasts.
