$ETH
Ethereum and Bitcoin are entering a historic annual tron period, will the markets get a boost this time around?
BTC and ETH have typically performed positively, although the net gains have been lower in the past few quarters.
BTC has a positive track record the first year after the halving.
ETH remains range bound, still expecting a breakout by the end of 2025.
The biggest fear for ETH is the longer time frame. Over time, Ethereum has performed positively for at most two years in a row, ending the third year of the cycle with losses. In 2025, ETH enters with a bullish outlook, expecting to break out into a new price range. However, pullbacks could break the rally, while also exposing the ongoing issues with the Ethereum network.
Additionally, ETH grew by over 96% in 2023 but slowed to just 43% in the bullish year of 2024. ETH faced controversy over the use of L2, while Solana and Base gained ground as the most widely adopted chains.
Ethereum remained the leader due to the passive use of ETH as collateral, as well as the large supply of USDT. The chain mostly executed USDT transactions and Uniswap activity, based on the best smart trac.
The only advantage for ETH is the expectation of catching up with BTC growth. In the short term, the attitudes towards ETH were bullish from both retail and professional traders.