Ethereum tends to outperform in Q1, suggesting imminent breakout

• Ethereum price trend presents quarterly seasonality, historically this has preceded a breakout. 
• Ethereum has outperformed Bitcoin in every first quarter of the year, except 2019. 
• Vitalik Buterin recently revealed two big upgrades that could push the altcoin to survive multiple generations. 
• Analysts have evaluated the Ethereum price trend and predict the altcoin is showing strong bullish potential.

Historically, Ethereum has outperformed Bitcoin in Q1 of the year. Proponents expect the altcoin to stay consistent with its performance from the previous years. 

Ethereum could dominate Bitcoin in Q1 2022

Though Bitcoin is the dominant cryptocurrency, Ethereum remains the top performer in the first quarter of the year, historically. Proponents believe that the altcoin has the potential to dethrone Bitcoin in 2022. 

The Ethereum network is currently plagued by slow transaction speeds and high transaction fees. Analysts expect this trend to break through the launch of Ethereum 2.0. The upgrade from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is expected to boost the altcoin’s utility. 

Analysts have evaluated the Ethereum price trend and observed that Ethereum price looks strong against Bitcoin. It could drop lower before further upside. From analysing a higher time frame they believe Ethereum could reclaim $4,000. 

@IncomeSharks, crypto analyst and trader is holding spot Ethereum buys. The analyst believes that there is no reason to break the support. 

@CarpeNoctum, an analyst and trader, has noted Ethereum’s quarterly seasonality. Though Bitcoin had an extremely strong Q1 in 2021, proponents expect the altcoin to outperform the asset. 

Olszewicz concluded from his technical analysis that the Ethereum trend hasn’t changed since November 2021, it still looks better than Bitcoin under $3,100. The messy pattern in Ethereum price trend was invalidated. 

FXStreet analysts believe that Ethereum is primed for a 50% breakout to $6,300.