Crypto trader and investor 'Mister Crypto' observed that Ethereum (ETH) has historically surged in Q1 the year after a Bitcoin halving. The ByBit ETH/USD weekly chart attached to the tweet demonstrates that ETH surged by over 900% in Q1 2017 and by over 300% in Q1 2021. However, U.Today highlights that unlike prior halving cycles, "there is no clear catalyst that could send the price of ETH rocketing higher this time around." The potential for altcoins to follow similar bullish patterns seen in previous cycles remains uncertain.
ETH Historically Strong in Q1 Year After BTC Halving, Analyst Says
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ETH
3,319.86
-0.61%
BTC
94,411.22
-1.43%
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