CoinWorld news, top trader Eugene Ng Ah Sio released his outlook and expectations for the first quarter of 2025: After a long wait following Trump's victory in the presidential election two months ago, we are finally entering 2025. Current market prices have significantly exceeded levels from not long ago, and there is hope for a world that is more supportive of cryptocurrencies, led by the United States. Although we experienced a local peak in December, I believe the bull market will continue to develop in a similar manner, with some assets performing exceptionally well while others lag behind. For the upcoming quarter, I believe the asset that will benefit the most is Ethereum (ETH). Here are three reasons supporting my view: 1. Price Comparison and Market Psychology According to the '10 IQ Price Fractal' theory, Bitcoin (BTC) has risen 40% from its previous historical high, while Ethereum (ETH) is still about 30% below its previous historical high. Although this in itself doesn't mean much, due to the launch of ETF products for both assets, ETH appears 'cheaper' than BTC to ordinary investors, thus being considered to have greater upside potential. 2. Trump’s Pro-Crypto Policies The pro-crypto stance of the Trump administration is most beneficial for assets with utility and smart contract capabilities. We have already seen some decentralized finance (DeFi) assets (such as AAVE and UNI) perform exceptionally under this expectation, but the asset that benefits the most is undoubtedly Ethereum. Trump's World Liberty Financial (WLFI) project has not conducted any activities on Solana but continues to choose Ethereum-related assets. I believe this trend will continue. 3. Development of the Base Ecosystem Among all Layer 2 solutions on Ethereum, Base is undoubtedly the star chain this year. With Coinbase's native distribution channel and the organic development of an AI agent metaverse led by 'Virtuals', Base offers a value proposition very similar to Solana and can undoubtedly be seen as a competitor. Since Base itself does not have its own token, this will naturally create demand for ETH as a base asset, and bring positive capital inflows as ecosystem activities increase. I expect ETH to break through $4000 in January and possibly approach its historical high within the first quarter. I think three areas will continue to perform well: AI Agents; tokens with utility that can generate fees; potential ETF-related tokens. I would not classify these views as 'contrarian', but I also do not think now is the time to take a strong contrarian position. We will have time for contrarian operations later, but now is not the time. Regarding views on the cycle peak: I suspect that most of 2025 will resemble 2023 or 2024, with certain areas experiencing re-rating and upward movement, followed by significant PvP (player versus player) turbulence. Ultimately, one of these upward movements will become the peak of the global cycle, but I believe we are currently far from that point.

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