According to TechFlow, according to Cointelegraph, Markus Thielen, head of research at 10x Research, said, "Ethereum may not be the wisest investment option in the 2025 bull market, and the returns of this asset may be unsatisfactory compared to Bitcoin." Other analysts said that price movements may develop in two directions, and they are waiting for more confirmation from the price chart to judge the price trend. "While the possibility of new catalysts cannot be ruled out, we would not be surprised if Ethereum has difficulty in achieving a meaningful rebound next year," said Markus Thielen, head of research at 10x Research, in a market report on December 30.