Ethereum’s Rough Start in 2025

Ethereum (ETH) has had a challenging beginning to 2025, recording its worst performance in a decade with a 47% drop in the first quarter.

The heavy selling pressure surrounding ETH has raised serious doubts about its ability to recover, leaving many investors questioning whether it can regain its all-time high later this year.

ETH’s Worst Q1 in 10 Years

For the first time in a decade, Ethereum has experienced three consecutive months of losses to kick off the year. From January to March 2025, ETH has dropped a staggering 47.63%, marking its worst Q1 on record. The decline began with a modest -1.28% in January, worsened dramatically to -31.95% in February, and continued into March with another -14.05%.

This rare triple-red quarter not only breaks ETH’s historical trend of stronger early-year performance, but also places it far below the average Q1 gain of +30.22% seen in previous years. The data highlights how out of sync 2025 is with Ethereum’s usual seasonal pattern, raising significant uncertainty about its future trajectory.