Ethereum’s performance in 2024 has been lackluster, with the asset gaining just 47% and failing to reach a new price high or spend much time trading above $4,000.
Meanwhile, Bitcoin rose more than 120% to a new six-figure all-time high in mid-December. However, analysts believe that Ethereum will surpass Bitcoin, which has been consolidating for the past fortnight, in the first quarter of the new year.
“ETH usually sees a good amount of action in the first quarter. Even during the last few years during the bearish trend against BTC,” observed analyst “Daan Crypto Trades” on X on January 2.
ETH/BTC ratio needs to improve
During the previous bull market, 2020 and 2021 saw big moves in the ETH/BTC ratio, which also started an alt-season, he said before adding:
“~0.04 is still an important level to overcome for ETH.”
The ETH/BTC ratio, or the value of Ethereum in Bitcoin terms, is currently 0.035, according to Tradingview.
$ETH Overall, see a good amount of action in the first quarter. Even during the last few years, during the bearish trend against $BTC.
During the previous bull cycle, 2020 and 2021 saw big moves in the ETH/BTC ratio, which also started an alt-season.
~0.04 is still an important level for… pic.twitter.com/rEjnriL88i
– Daan Crypto Trades (@DaanCrypto) January 1, 2025
Meanwhile, Ethereum community advisor Anthony Sassano predicted that ETH would reach $15,000 in 2025.
Much of this boost would come from Ether ETF inflows, which would reach $50 billion this year, as staked ETH products are introduced and approved, he added.
He also predicted that more major TradFi companies and institutions would begin building on Ethereum, BlackRock will launch a layer 2 tokenized real-world asset platform on the blockchain, and several nation states will reveal that they hold ETH as a treasury asset.
“Ethereum will turn 10 years old in 2025, and I am very confident that this year will be Ethereum’s most bullish year yet!”
My predictions for 2025 for Ethereum:
– ETH reaches $15k
– ETH ETF net inflows reached $50 billion or more during the year
– Staked ETH ETFs are submitted and approved
– More major TradFi companies/institutions start building on Ethereum
– BlackRock (and its partners) launch a layer 2 tokenized RWA platform…– sassal.eth/acc (@sassal0x) January 1, 2025
In a report published in late December, Steno Research predicted that ETH prices would reach $8,000 by 2025, with analysts “increasingly optimistic about an impending altcoin season.”
“In my opinion, ETH will have a dazzling rally in the first quarter of 2025,” said analyst Ash Crypto, who compared performance in previous cycles.
– ETH DOWN 52% FROM ITS ATH
– ETH/BTC WAS IN THE LOW CYCLE
– EVERYONE CALLED THAT ETH
HE IS DEAD– ETH PUMPED 91% IN JANUARY AND
REACH A NEW ATH– ETH IS DOWN 30% FROM ITS ATH
– ETH/BTC IS ALMOST IN… pic.twitter.com/ElsocwI8S3
– Ash Crypto (@Ashcryptoreal) December 31, 2024
A great start to 2025
On January 1, Aave founder Stani Kulechov said: “Ethereum is off to a great start by 2025.” He referred to the Pectra update, which will allow accounts to function as smart contracts, “making smart wallets scalable and providing a better user experience and security for users.”
ETH prices are currently up 2% on the day, with the asset surpassing $3,400 during Thursday morning trading in Asia.
However, the asset has been trading sideways since its Dec. 20 drop from $4,000. Ether remains 30% below its all-time high in November 2021 and only managed to briefly approach 20% of that peak in 2024.
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