Could Ethereum Defy Expectations Again with Potential for a 60% Rally in Q2?
The post Could Ethereum Defy Expectations Again with Potential for a 60% Rally in Q2? appeared on BitcoinEthereumNews.com.
Ethereum’s recent performance is raising eyebrows as it battles against bearish trends while still showing potential for significant gains. The largest altcoin has seen heightened volatility this quarter, suggesting a pivotal moment in its trading history. “Despite critical resistance levels, Ethereum has historically proven to be resilient,” said a senior analyst at COINOTAG. Ethereum faces serious challenges despite a bullish outlook for Q2, with analysts debating the potential for a 60% rise amidst current market conditions. Ethereum’s Q1 underperformance in focus Ethereum opened Q1 at $3,334 but has since retraced to $2,053, experiencing a 38% drawdown with only a week remaining in the quarter. This downturn starkly contrasts with 2024’s performance, where Ethereum closed at an all-time high of $4,081, marking an 84% quarterly gain. This divergence suggests underlying structural weaknesses in Ethereum’s market, as both liquidity inflows and network activity have been notably subdued this quarter. Analysts have consequently revised year-end targets downwards by nearly 60%, primarily due to weak institutional participation. Moreover, the ETH/BTC trading pair recently fell to a five-year low, diverging significantly from its yearly high in 2024. Unlike in previous cycles, Ethereum has struggled to attract capital rotation amid Bitcoin’s consolidation phases. For example, while BTC successfully reclaimed $88,000 after a two-week correction, ETH’s attempt to bounce back to $2,000 attracted little trading volume, indicating a weakening demand. Source: Santiment Considering these conditions, a 60% rally in Q2 appears formidable. Yet, Ethereum’s history of defying the odds keeps the conversation alive regarding potential breakouts. Could we witness yet another unexpected surge from Ethereum? Can ETH shock the market with a surprise rally? During Q2 2024, Bitcoin ended the quarter 14% below its opening, whereas Ethereum displayed strength with only a 5% dip, highlighting its resilience during broader market corrections. Such patterns could position Ethereum favorably…
Filed under: News - @ March 27, 2025 7:23 am