Bitcoin continues its low sideways movement as BTC dominance remains low.
Analyst notices bullish historic pattern for ETH price pump.
ETH price is set to see four consecutive months of green in the new year.
As the crypto market prepares to enter a new year, analysts look at previous yearly price charts to see what crypto traders can expect next. Presently, the asset in the spotlight is Ethereum (ETH), the pioneer altcoin asset. With altseason having had an early start, analysts await Ethereum to pump exponentially and set new ATHs.
Altcoins Set to Follow ETHs Bullish Lead in 2025
Presently, Bitcoin dominance seems to be wavering with the price of BTC dwindling and trading in the mid $90,000 price range. This led to many traders hoping to see explosive altcoin action. Despite Bitcoin and many other altcoins like SUI and ONDO having already set new ATH this bull cycle, ETH is yet to set its own.
Three years ago, ETH set its ATH at $4,891and according to CoinMarketCap data, the price of ETH is currently at $3,357.51. The ongoing crypto bull cycle has just entered its super cycle phase and altseason seems to have already begun. Historically, ETH pumps parabolically in Q1 following the Bitcoin Halving year.
ETH Prepares for 4 Months of Green Pumps
https://x.com/Washigorira/status/1870839106928034177
As we can see from the post above, this analyst expects the same price action to occur in early 2025 where ETH will be extremely bullish for a little over the first quarter. This post above shows how January to April is highly bullish for ETH every year following a Bitcoin Halving year. Therefore, the analyst expects to see significant pumps for ETH price which will likely lead to a surge in other altcoin prices as well.
The post Ethereum (ETH) Price Prepares to Reprint Historical Pump as Q1 After Bitcoin Halving Year Nears appeared first on Crypto News Land.
