In 2024, Ethereum's performance has been disappointing: the asset increased by only 47% and failed to reach a new peak price or spend much time trading above $4,000.
Meanwhile, in mid-December, Bitcoin surged over 120% to a new six-figure all-time high. However, analysts believe that in the first quarter of the new year, Ethereum will outpace Bitcoin, which has been consolidating for the past two weeks.
“In the first quarter, ETH is generally expected to show strong momentum. Even considering the last few years of downward trends against BTC,” noted analyst Daan Crypto Trades.
During the previous "bull" market in 2020 and 2021, significant changes in the ETH/BTC ratio were observed, which also kicked off a growth season, he said, adding that “~0.04 remains an important breakout level for ETH.”
According to Tradingview, the ETH/BTC ratio, or the value of Ethereum in terms of Bitcoin, currently stands at 0.035.
Meanwhile, Ethereum community advisor Anthony Sassano predicts that ETH will reach $15,000 by 2025.
He added that a significant portion of this momentum will come from the inflow into Ether-ETF, which is expected to reach $