Analysts predict Ether could hit $20K after 2025 correction
Ether (CRYPTO:ETH) is projected to face a short-term price correction before resuming its rally toward a potential cycle top of $20,000 in 2025, according to analysts.
In the past month, Ether surged over 33%, reaching $3,368 on November 23.
Analysts, including Bitget CEO Gracy Chen, suggest that Bitcoin’s anticipated breach of $100,000 could trigger a temporary pullback for Ether.
“The market is already oversold, and a healthy correction might occur… any potential retracement as soon as BTC breaches the $100,000 mark might impact Ethereum,” Chen commented.
Despite this short-term outlook, long-term predictions for Ether remain bullish.
Crypto analyst Wolf pointed to a three-year ascending triangle consolidation, indicating a strong upward trajectory.
“A measured move from the breakout of this massive triangle targets $20,000,” Wolf noted.
Ethereum’s dominance as the leading smart contract blockchain underpins its recovery potential.
“[Ethereum] is still the most-used smart contract protocol by volume, with targeted upgrades enhancing its utility,” Chen highlighted.
These factors suggest Ether is well-positioned to reclaim and surpass its previous all-time high by 2025.
Market trends also indicate a likely rotation of funds from Bitcoin to Ether as Bitcoin’s rally stabilises.
Benjamin Cowen, CEO of ITC Crypto, noted that Ether historically records positive quarterly returns against Bitcoin’s (CRYPTO:BTC) price in the first half of post-Bitcoin halving years, supporting a favorable outlook for 2025.
While short-term volatility may affect Ether’s trajectory, analysts remain confident in its long-term potential, driven by its utility and market dominance.
At the time of reporting, the Ethereum price was $3,342.34.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares
Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares.The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
Gaming Tokens Gain 28%, SAND, APE, and AKsS Lead Rally
Blockchain to be used to count votes in Romanian presidential elections
Sui Blockchain's Record Performance Sends Token Price to $3,46