Ethereum's earnings for the first quarter of 2025 have been negative for three consecutive months, marking a historic first, indicating that future market trends may be sluggish.

According to Deep Tide TechFlow, in the first quarter of 2025, Ethereum recorded negative returns for three consecutive months, setting a historical record. The return in January was -1.28%, in February it was -31.95%, and in March it was -10.16%. This is the first time since 2017, when complete data has been recorded, that the first quarter has seen three consecutive months of negative returns. In comparison to past performances in the first quarter, 2024 had two increases and one decrease, 2023 had positive returns for the entire season, 2022 had two increases and one decrease, and 2021 had positive returns for the entire season.