Ethereum Sees the Worst Q1 Close in History, Analyst Expects a Double Bottom Formation for ETH

Specifically, most analysts are disgusted by the performance of ETH price in 2025 as the pioneer altcoin has closed the Q1 months of January, February, and March in a bearish red, thereby having delayed the arrival of this cycle’s altseason peak phase. As we can see from the post above, despite the analyst’s disgust with ETH’s performance, he appears to be bullish for Q2 to see green ETH prices as he refuses to believe the cycle can end without ETH setting a new ATH and altseason making its debut. 

Responses to the post shows that the analyst sees that altcoins and ETH prices will bounce in Q2, based on his chart analysis. Meanwhile, other reputed analysts are also sharing their expectations for the performance of Ethereum (ETH). As we can see from the post above, this analyst shares an ETH daily price chart image showing Ethereum’s performance over the past few cycle pumps. 

Here, he highlights the double-bottom formation that the pioneer altcoin asset has printed in the past. Taking this into account, the analyst says that there is a likely possibility for Ethereum to once again form a double bottom soon, and if it does then ETH traders and investors will be presented with a heavy opportunity as the formation will signal strong support and a great potential for an uptrend to follow.  

ETH Back in Promising Pump Zone

Despite many expectations for ETH to have set a new ATH in Q1 2025, and trigger altseason, this bull cycle has yet to see a new ATH price from ETH as well as the arrival of a bullish altseason. Historically, altseason has always arrived in Q1 following a Bitcoin Halving year, but the fact that it hasn’t is leading seasoned analysts to believe that the 4-year bull cycle is no longer in play. Instead, analyst are looking to technical indicators to determine what’s next for promising cryptocurrencies.