Ether price faces correction before rally to $20K in 2025 — Analysts
Ether's price is anticipated to experience a correction in the coming weeks, trading above $3,368 after a 33% rise over the past month. Analysts suggest that this potential downward movement could occur as Bitcoin approaches the $100,000 mark, expected before the end of November. Gracy Chen, CEO of Bitget, indicated that while Ethereum has been less correlated with Bitcoin in recent times, any pullback following Bitcoin's surge could impact Ether. Looking ahead, Ethereum's price might reach over $20,000 in 2025, according to crypto analyst Wolf, who noted a bullish ascending triangle pattern forming over three years. Despite Ether lagging behind Bitcoin's impressive growth—Bitcoin increasing by over 164% yearly compared to Ether's 63%—its dominance as a leading smart contract blockchain is expected to drive a positive trend at the start of 2025, particularly in the first half of the year.
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