CandleFocus Ether Faces Correction Before $20,000 in 2025
2024-11-23
Author: Content Editor
Analysts predict that Ether (ETH) could reach a peak of $20,000 in the first half of 2025, but it may experience a short-term correction before reaching new highs. The CEO of Bitget, Chen, stated that Ether could see a correction when Bitcoin (BTC) hits $100,000, which is expected by the end of November. However, Chen believes that once Bitcoin's momentum slows down, Ether will recover and reach its all-time high before the end of the year. Popular crypto analyst Wolf also predicts that Ether's price will surpass $20,000 based on technical charts. Ethereum's dominance as the leading smart contract blockchain will contribute to Ether surpassing its previous all-time highs. Overall, while a short-term correction is possible, Ether is expected to have a long-term rally in 2025.
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