Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1
In Q1 2025, Ethereum experienced a significant decline of nearly 50%, while Bitcoin's drop was limited to below 15%. Bitcoin's price peaked at $108,786 on January 20 due to institutional interest and Spot Bitcoin ETF inflows but fell below $80,000 in March. It later rebounded above $83,000, reaching $87,000. In contrast, Ethereum broke below the $1,900 support level and is at risk of falling below $1,800. Ethereum closed Q1 2025 with a 45.3% decrease, marking its second-worst Q1 performance, while Bitcoin's decline was 11.7%. The decline in Ethereum's value has been attributed to reduced trading interest and inflows. Analysts remain cautiously optimistic about Ethereum's potential rebound at the $1,800 level, which may act as support. Currently, Ethereum is trading at $1,803, reflecting slight declines over the past week.
