The article discusses Ethereum's historical performance in the first quarter following Bitcoin's halving and highlights that Ethereum has consistently delivered substantial gains during this period. However, with no clear bullish catalyst in sight, the future remains uncertain for Ethereum and the broader altcoin market. The absence of comparable drivers like decentralized finance (DeFi) and non-fungible tokens (NFTs) raises doubts about whether Ethereum can replicate its past success. Currently, Ethereum is facing challenges such as underperformance against Bitcoin and a downtrend in price. Technical indicators suggest that Ethereum is currently oversold, and there may be further downward momentum in the short term.



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