• Ethereum dropped 38.13% in Q1 2025, nearing its worst-ever 46% decline in early 2018.
• Historical data suggests a 66% average Q2 surge, potentially pushing ETH to $3,300.
• Analysts predict ETH could hit $4,250-$5,000, citing Wyckoff accumulation and bullish sentiment.

Ethereum (ETH) has endured one of its toughest starts to the year, marking its second-worst first-quarter performance in history. The cryptocurrency, which holds the second-largest market capitalization, has tumbled 38.13% since the start of 2025, with its price hovering slightly above the critical $2,000 support level.

Market analyst Lark Davis highlighted this sharp decline, pointing out that Ethereum’s performance in Q1 was dangerously close to its worst quarter ever—a 46% drop in early 2018. According to Coinglass data shared by Davis, this historical parallel has raised concerns among investors about a possible repetition of past trends.

Back in 2018, Ethereum staged a short-lived recovery of 15% in the second quarter before plunging more than 40% in the following months. If history were to repeat itself, ETH holders could be in for another turbulent ride. 

Despite the concerning trend, Davis raised an intriguing question:

Will we witness an explosive Q2 for Ethereum?”

Looking at historical patterns, Ethereum has a track record of bouncing back strongly in the second quarter. Since 2016, the cryptocurrency has averaged a 66% surge during this period. If this trend continues, ETH could potentially rise to $3,300 in the coming months—a level not seen since early February.

Arthur Hayes, co-founder of crypto exchange BitMEX, has set the bar even higher. He recently claimed on social media that Ethereum is headed for a new all-time high of $5,000.

Crypto analyst CryptoJack has pointed out that Ethereum appears to be forming a Wyckoff accumulation pattern, a technical setup that often signals a major move upward. If this pattern plays out as expected, ETH could surpass $4,250 and potentially aim for $5,000.

Meanwhile, market analyst CryptoELITES has an even more ambitious forecast. According to his technical analysis, Ether’s current price action suggests a possible breakout from a symmetrical triangle pattern, which could set the stage for a parabolic rally. His long-term target is a staggering $10,000 per ETH.

A key factor in this potential surge is Ethereum’s recent retest of its lower trendline, indicating strong support. If buyers step in and ETH successfully clears major resistance levels, the cryptocurrency could be in for a rapid ascent.

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