The recent Libra meme coin incident has caused negative public opinion towards Solana to spread, while Ethereum has been gaining positive interest among investors.
In this climate, it has been reported that Ethereum may continue its upward rally for several weeks until the end of March. HANIー, a professional cryptocurrency trader, has published historical data.
Based on this, he argued that Ethereum is likely to see a price rise in the second half of the first quarter. Since 2020, Ethereum has experienced a bullish market in the second half of the first quarter every year. This is a strong
This is a consistent pattern in bull and bear markets, with Ethereum still up 50% during the 2022 bear market. Data shows that Ethereum rose an average of 1.5% in the final six weeks of Q1.
After a 40% return, the upside is gradually tapering off. If we assume another 20-22% upside this time, the target price for Ethereum would be around $3,500.
However, Hani pointed out that the market environment in 2025 will be very different from previous years. There are now many more altcoins on the market than in the past, so the bullish market will not be as strong as it was in the past.
He said he wasn't sure the bull market would repeat. "If the bull market doesn't come by the end of the first quarter, my hypothesis is invalid. But I'll maintain a positive outlook until then," he said.
Similarly, cryptocurrency trader Rektproof also assessed that the opportunity cost of a long position in Ethereum is attractive.
He cited Ethereum and gold as examples, saying that just as they have remained flat for a period of time before breaking out in the upward direction, Ethereum could follow a similar path.
Putting this data together, Ethereum has been a relatively weak performer this cycle.
The data shows that the price is trending downwards, but if a bullish turn occurs, it could reach an all-time high of over $6,000.
2025/02/20 16:05 KST
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