In this bull market, the performance of Ethereum can only be described as "sluggish". The community is anxious that ETH still cannot reach new highs this year, and even touching the $4,000 level seems difficult. However, well-known trader Eugene Ng Ah Sio tweeted yesterday that Ethereum is expected to break new highs in the first quarter of next year and listed 3 major reasons. (Preliminary summary: Three major good news for Ethereum, analysts: Trump will make ETH great again) (Background supplement: Is the Ethereum copycat season coming? Bitcoin market share declines, ETH/BTC rebounds to a new high in a week) In In this bull market, the performance of Ethereum, the largest public chain in the blockchain, is not as good as the market expected. This is obviously reflected in the native token ETH. It has not yet broken through the high point of the previous bull market, and even touching the US$4,000 level seems a little bit... Hard work. On the other hand, Bitcoin, BNB and SOL have all hit the highs of the previous bull market in this bull market. Among them, Bitcoin has exceeded the $100,000 mark. Three major reasons why Ethereum will break new highs next year. In this context, Eugene Ng Ah Sio, a cryptocurrency trader with more than 110,000 followers on X, tweeted yesterday (29th) that in the first quarter of 2025, There are three reasons why Ethereum will be the biggest beneficiary this season: 1. Ethereum price growth has significantly lagged: Bitcoin (BTC) prices have risen 40% from the previous all-time high (ATH), while Ethereum (ETH) ) remains 30% below its all-time high. While this in itself doesn’t mean much indicatively, both have ETF offerings and to the general public, ETH looks cheaper than BTC and therefore is more likely to be considered to have upside potential. 2. Trump’s pro-encryption policy: The Trump administration has always been the most friendly to assets that are practical and related to smart contracts. We’ve seen some DeFi assets like AAVE and UNI perform well in response to market expectations, but it’s still Ethereum that has benefited the most. Trump’s WLFI did not get involved in the Solana field, but continued to choose assets based on Ethereum. Eugene believes that this trend will continue. 3. Development of Base ecology: Among all Ethereum second-layer networks (L2), Base is the outstanding chain this year. Leveraging Coinbase's native distribution channels and an ecosystem of AI agents powered by Virtuals, Base offers a value proposition very similar to Solana's and can certainly be classified as a contender.Since Base itself does not have its own token, the natural demand for ETH as the underlying asset will increase, leading to more positive inflows as ecosystem activity grows. Driven by these three factors, Eugene predicts that ETH will break through $4,000 as soon as January next year, and is expected to reach an all-time high in the first quarter. The market is still in the middle stage of the bull market. Not only that, Eugene also predicted three major areas that will continue to be hot next year, including: AI Agent; Utility fee-generating tokens; tokens with ETF potential. At the same time, Eugene also expressed his Thoughts on the overall market cycle in 2025: In terms of the apex of the cycle, I think most of 2025 will be similar to 2023 or 2024, where we see a re-evaluation of certain areas, followed by huge PvP . Eventually, one of the higher rallies will hit a top, but I don't think we're anywhere near that stage yet. It is worth noting that we are currently in the middle stage of the market cycle, and "contrarian operations" are not necessarily required to achieve good performance. In fact, following current momentum trends may be the easiest way to make money right now, rather than trying to discover new trends that haven't yet taken off. The next contrarian decision to be made will be to time the peak in global markets. I will express my views clearly when I think the time is right. Related reports Bitcoin and Ethereum OTC market trading volumes soar! Institutional investment boom pours in (Analysis) Is the Korean stock market really harmed by Bitcoin? Ethereum copycat season is here? Bitcoin market share declined, ETH/BTC rebounded to a new one-week high. "Genius trader Eugene: Ethereum will break through 4,800 mg in Q1 next year! Three major reasons are assisting, and the crypto bull market is in the mid-term." This article was first published on BlockTempo Dongqi-the most influential blockchain news media).

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