Ethereum Drops Nearly 50% While Bitcoin Holds Steady in Q1

Ethereum and Bitcoin have experienced very different trajectories in the first quarter of 2025, and the differences could not be clearer. According to data from the blockchain analytics company IntoTheBlock, Ethereum has performed significantly poorly, falling nearly 50% in value over the past three months. Bitcoin, although also adjusting, has seen a smaller fall below 15%. This reflects the general trend in the cryptocurrency market, where money flow and interest are pouring into Bitcoin and some altcoins, causing Ethereum to struggle to regain its growth momentum. The poorer performance of Ethereum compared to Bitcoin in Q1 Bitcoin started Q1 with a notable bullish trajectory due to the increasing interest from institutions and the inflow of money into spot Bitcoin ETFs, this combination pushed the price to a new all-time high of $108,786 on January 20. This price marks the peak of a steady rally that has brought Bitcoin into the spotlight since October 2023. However, a clear downward trend has occurred after this peak, especially in March, when the price of Bitcoin fell below $80,000 for the first time since November 2024. The price of Ethereum, which was already struggling, fared much worse and dropped below the strong support level of $1,900. Bitcoin has shown resilience since this breakout, bouncing back above $83,000 and even recently reaching $87,000. On the other hand, Ethereum continues to trade below $1,900 and is currently at risk of losing $1,800 and breaking below that level. According to data from Cryptorank, Ethereum closed the first quarter of 2025 with a fall of 45.3% compared to the opening level of the quarter. This is the second worst first quarter performance for Ethereum, following a fall of 47.5% in the first quarter of 2018. On the other hand, Bitcoin ended the first quarter of 2025 with a fall of 11.7% compared to the opening price.

The direction of Ethereum's price: $1,800 in sight with cautious price increase The fall of Ethereum has been exacerbated by a marked decrease in trading interest and capital flow even in the Spot Ethereum ETF. Most attention has shifted to Bitcoin, with Solana, Dogecoin, and XRP capturing the most significant market share interest in the altcoin space. However, many cryptocurrency analysts remain optimistic about Ethereum and are seeing a potential recovery as it is currently nearing the bottom around 1,800 dollars. According to a cryptocurrency analyst (@CryptoELlTES) on social media platform X, Ethereum at 1,800 dollars is the bottom.

This outlook is based on this level, which acted as a resistance threshold during the bear market of 2022 and is expected to reverse into a support level. Another analyst (Crypto Fella) noted that a reversal at this point "would be very good for altcoins," indicating a broader market recovery potential for altcoins if Ethereum finds a solid footing here.

As of the time of writing, Ethereum is trading at $1,803, falling 0.18% and 1.9% over the past 24 hours and the past seven days.