Market Momentum Shift: Ethereum Price Prepares for Potential Repetition of Historical Pattern
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Ethereum (ETH) Price Prepares to Reprint Historical Pump as Q1 After Bitcoin Halving Year Nears
As the crypto market prepares to enter a new year, analysts have been scouring previous yearly price charts to predict what traders can expect next. Recently, an analyst has noticed a striking correlation between Ethereum’s (ETH) historical data and current market conditions. It appears that ETH is on the cusp of repeating a historic pump as Q1 approaches following the Bitcoin Halving year.
According to recent data, Bitcoin dominance seems to be wavering, with the price of BTC dwindling and trading in the mid $90,000 range. This sudden shift has sparked hope among many traders who are eagerly anticipating explosive altcoin action. Surprisingly, Ethereum is yet to set its own all-time high (ATH) three years after it reached an ATH at $4,891.
It appears that this historical trend suggests ETH will be extremely bullish for a short period of time in the early 2025 calendar year. January to April has been consistently a highly bullish period for ETH every year following a Bitcoin Halving year.
Source: cryptonewsland.com
