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Ethereum's performance in 2024 was lackluster, with the asset only pumping 47%, failing to reach a new peak price, and not trading above $4,000 for a long time.
Meanwhile, Bitcoin surged over 120% in mid-December, hitting a six-digit historical high. However, analysts believe that Ethereum will outperform Bitcoin, which has been consolidating for the past two weeks, in the first quarter of the new year.
"ETH usually sees a lot of action in the first quarter. Analyst 'Daan Crypto Trades' stated on January 2nd, 'Even during the downtrend of BTC in the past few years, this has been the case.'"
ETH/BTC ratio needs improvement: -
During the previous bull market, there was a significant fluctuation in the ETH/BTC ratio in 2020 and 2021, which also kicked off the season of altcoins, he added:
"~0.04 remains an important level that ETH needs to break through."
According to the data from Tradingview, the ETH/BTC ratio, which is the value of Ethereum to Bitcoin, is currently 0.035.
$ETH usually experiences a lot of volatility in the first quarter. This has been the case even during the downward trend of $BTC in the past few years.
During the previous bull market cycle, there was significant volatility in the ETH/BTC ratio in 2020 and 2021, which also ushered in the altcoin season.
At the same time, Ethereum community advisor Anthony Sassano predicts that ETH will reach $15,000 in 2025