Trader Eugene releases Q1 outlook for next year: ETH is expected to benefit the most and is expected to hit a new high

Odaily News Report: Trader Eugene Ng Ah Sio released his Q1 2025 outlook and expectations: "It feels like it's been a long time since Trump won the election 2 months ago, and now we're about to enter 2025 with prices significantly higher than they were not long ago. With the US taking the lead in crafting crypto-friendly policies and regulations, the industry is full of hope for a new pro-crypto world. Considering the local highs we experienced in December, I believe the bull market will continue in a similar fashion, with some assets performing exceptionally well and others lagging behind. For the next quarter, I believe ETH will be the biggest beneficiary for the following three reasons: 1. 10 IQ price fractal: BTC has rallied 40% from its previous all-time high, while ETH is 30% below its previous all-time high. Although this doesn't mean much, both assets have ETF products, and for the public, it's not hard to believe that ETH is cheaper (and thus has more upside potential) than BTC; 2. Trump's pro-crypto government: This has always been most beneficial for utility/smart contract-related assets. We've already seen some DeFi assets (AAVE/UNI) perform well in anticipation of this, but the underlying asset that will benefit the most is undoubtedly ETH. Trump's WLF hasn't done anything on Solana, but has been continuously acquiring Ethereum-based assets, and I believe this will only continue; 3. Base ecosystem development: Among all the L2s on Ethereum, Base is the standout chain this year. Leveraging Coinbase's native distribution channels and Virtuals-led AI agent ecosystem, Base's value proposition is very similar to Solana, and can undoubtedly be classified as a competitor. This creates natural demand for ETH as the base asset (since Base itself doesn't have its own token), and provides positive flow as ecosystem activity increases. I expect ETH to break through $4,000 as early as next January, and potentially reach a new all-time high at some point in the first quarter. Additionally, I believe the three verticals that will continue to perform well are: 1. AI agents; 2. Utility fee-generating tokens; 3. Potential crypto ETFs. In terms of cycle peaks, I suspect most of 2025 will be similar to 2023 or 2024, with some capital or re-rating, followed by a massive PvP drawdown. Ultimately, one of these rallies will become the global peak, but I don't think we're close to that high yet."