Ethereum (ETH) is one of the oldest cryptocurrencies to enter the market. Despite the arrival of several new assets over the years, ETH has been able to protect its position as the second-largest cryptocurrency in the market. Currently, the asset has a market capitalization of $247.43 billion, making it the largest Altcoin in the industry. Nevertheless, ETH is struggling with prices. The end of 2024 proved to be beneficial to assets, but they have been fighting ever since.
Ethereum Daily Chart
Over the past 24 hours, ETH has witnessed more dips than rising. This shocked the ETH community as most of the other assets in the market recorded an increase. Despite significant increases in the last few months of 2024, the annual price change for Ethereum is minus 43.55%. At the time of writing, Altcoin was trading at $2,040.99.
2025 didn’t start with great things for ETH. In the first quarter of the year, ETH saw a 38% downfall. This number is nearing its lowest quarter performance, at 46% in the first quarter of 2018. The second quarter was very bullish for the biggest Altcoin. According to Coinglas, seven of the nine years are great for Ethereum, except for 2024 and 2022. This instills more hope for the market.
Q2 Price forecast
According to Concodex data, the second quarter is actually bullish for ETH. Assets may not only exceed $3,000, but may also record new peaks. Altcoin could rise to a high of $5,139 in April, showing a 152% increase. The maximum prices ETH trades in May and June are $3,451 and $2,916, respectively. ETH was a record high of $4,891.70 in 2021, currently 58% below this peak.
