The year’s first three months have been profitable for Ether (ETH). According to historical data, there has been a pattern of significant price gains for ETH at the start of each year, and this trend may persist throughout 2025. Ethereum (ETH) might be ready for another Q1 rise due to increasing accumulation levels and cash flowing into spot ETFs (exchange-traded funds).
Ethereum Q1 Performance 2024
Ethereum had a whopping 539.96% rise in Q1 2013, a 103.17% gain in Q1 2021, and a whopping 68.68% gain in Q1 2024. Remember that gloomy sentiments existed in the first quarters of 2020, 2022, 2018, 2016, 2015, and 2014. Historically, ETH has also had strong second and fourth quarters, with the cryptocurrency experiencing a 47.28% surge in Q4 2024.
Ethereum saw significant gains in Q1, with a 539.96% rise in 2013, 103.17% in 2021, and 68.68% in 2024. However, the first quarters of 2020, 2022, 2018, 2016, 2015, and 2014 experienced negative sentiment. Historically, Ethereum has also performed strongly in Q2 and Q4.
Ethereum Accumulation Rising
As buyers take advantage of the current price drop, the amount of Ethereum on accumulation addresses has risen. Ether hit a 14 percent decline in value during the previous two weeks, falling to $3,100 in December. Its all-time high was $4,891.70, now trading at $3,417.29, a decrease of 30.17 percent. Also, the Ethereum price is still climbing, with $4,500 in sight as the next target.
By the end of 2024, 75% of ETH holders will have held the cryptocurrency for at least one year, up from 59% in January, according to data from Into The Block. Ethereum’s Q1 Rally, A growing demand for Ether could lead to a price increase to $4,000 soon, especially with Donald Trump taking office as president.
Ethereum Eyes $4,000
ETH’s market cap is $410 billion, and its dominance is 12.5%. In addition, data from SoSoValue shows that spot ETH ETFs received $47.77 million on Friday, increasing the total net inflow for these funds to a whopping $2.68 billion. At 55.08 on the Relative Strength Index (RSI), bulls are still in charge of the price activity of Ethereum (ETH). Given the line’s gradient, Ethereum bulls may try to burst through the $4,000 price barrier shortly.
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Summary
Quarterly gains for Ethereum have been consistently significant in prior years, and this pattern might persist into 2025, notwithstanding the recent price declines. There has been an uptick in accumulation and demand. Strong investor interest might soon push Ethereum’s Q1 Rally to $4,000, thanks to rising ETF inflows and optimistic market sentiment.
FAQs
Why did Ethereum's price drop recently?
Ethereum faced a 14% decline in December, falling to $3,100, but its price is still rising towards the $4,000 target.
How is Ethereum's accumulation trend evolving?
The amount of Ethereum held in accumulation addresses has risen as buyers take advantage of the price drop.
What is Ethereum's target price for 2024?
Ethereum is eyeing a price target of $4,000, with strong bullish sentiment and ETF inflows supporting this potential rise.
How are spot ETFs influencing Ethereum's market?
Spot ETFs have seen significant inflows, contributing to a $2.68 billion total, boosting market sentiment and supporting Ethereum's price growth.
