ETH's recent decline reached 25%, which is typically the first retracement in each upward trend. Historically, this type of retracement often accompanies two possibilities: either the market has bottomed out, or a significant B-wave rebound will occur.
Historically, aside from the major bear markets in 2022 and 2019, ETH usually performs well in January. Especially in the January of the second year after a halving, ETH's price often sees a substantial increase, which also provides potential support for the market in 2025.
The current price level may be a very attractive buying point, especially in the upcoming January. If the overall market strengthens, ETH may experience a wave of increase.
