Odaily Planet Daily News Trader Eugene Ng Ah Sio released the outlook and expectations for Q1 2025: "Since Trump won the election two months ago, it feels like a long time has passed, and now we are about to enter 2025, with prices significantly higher than they were not long ago. As the U.S. takes the lead in formulating crypto-friendly policies and regulations, the industry is filled with hope for a new pro-crypto world. Considering the local peak we experienced in December, I believe the bull market will continue in a similar manner, with some assets performing excellently while others lag behind. For the next quarter, I think ETH will benefit the most. Here are three reasons: 1. 10 IQ price fractals: BTC has risen 40% from its previous peak, while ETH is still 30% below its previous high. Although this doesn't mean much, both assets have ETF products, making it easy for the public to believe that ETH is cheaper than BTC (thus having greater upside potential); 2. Trump's pro-crypto government: This has always been most beneficial for utility/smart contract-related assets. We have already seen some DeFi assets (AAVE/UNI) perform excellently in anticipation of this, but the asset that benefits the most is undoubtedly ETH. Trump's WLF has done nothing on Solana but has continuously acquired Ethereum-based assets, and I believe this will only continue; 3. Base ecosystem development: Among all L2s on Ethereum, Base stands out as the most prominent chain this year. With Coinbase's native distribution channels and the organic development of AI agent-led Virtuals, the value proposition offered by Base is very similar to that of Solana, and it can undoubtedly be categorized as a competitor. This creates natural demand for ETH as the underlying asset (since Base itself does not have its own token) and provides positive liquidity as ecosystem activity increases. I expect ETH to break through $4,000 as early as January next year and possibly reach a new historical high at some point in the first quarter. Additionally, I believe the three verticals that will continue to perform well are: 1. AI agents; 2. Utility fee-generating tokens; 3. Potential ETF cryptocurrencies. Regarding cycle peaks, I suspect that much of 2025 will resemble 2023 or 2024, where we have some funds or re-ratings before a massive PvP cut. Ultimately, one of these rebounds will become the global peak, but I believe we are not close to that high yet."

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