The post Ethereum’s rocky Q1 – Can a 60% Q2 rally propel ETH to $3,200? appeared on BitcoinEthereumNews.com.

Ethereum, as the largest altcoin, has a history of defying mainstream expectations with sudden surges However, its deviation from historical quarterly trends now signals a bearish outlook Ethereum [ETH] has had a turbulent Q1, facing strong resistance and market uncertainty. However, with improving fundamentals and growing institutional interest, could a 60% rally in Q2 push ETH towards $3,200? Let’s dive into the key factors that could fuel this move. Ethereum’s Q1 underperformance in focus Ethereum opened Q1 at $3,334, but it has since retraced to $2,053 – Posting a 38% drawdown with only a week remaining in the quarter.  In comparison, ETH’s 2024 Q1 rally saw it closing at an all-time high of $4,081 – An 84% quarterly gain. This stark divergence raises concerns about Ethereum’s structural weakness, as both liquidity inflows and network activity have remained subdued. Consequently, the implications extend beyond short-term price action. In fact, analysts have revised year-end targets by nearly 60%, citing weak institutional participation. Compounding this, the ETH/BTC pair recently fell to a five-year low, diverging from its 2024 yearly high. Unlike previous cycles, Ethereum has failed to attract capital rotation during Bitcoin’s bullish consolidation. For instance, while BTC reclaimed $88k following a two-week correction, ETH’s rebound to $2k saw no significant uptick in trading volume – A sign of weakening demand. Source: Santiment Given this backdrop, a 60% Q2 rally might be unlikely. And yet, Ethereum has a track record of defying expectations. Could this be another instance of an unexpected breakout? Can ETH shock the market with a surprise rally? In Q2 2024, Bitcoin closed the quarter 14% below its opening price, while Ethereum demonstrated relative strength with only a 5% decline. This outperformance highlighted ETH’s resilience, despite broader market corrections. A potential market shock, therefore, would arise if Ethereum replicates this trend…

---

Filed under: News - @ March 27, 2025 7:28 am