$ETH

Ether price faces correction before rising to $20,000 in 2025, analysts say

Analysts point to a possible upper cycle of US$20,000 for the price of Ether, with expectations of gaining momentum in the first half of 2025.



NEWS

Ether price could see an imminent correction in the coming weeks before resuming a sustainable rally to new highs.

Ether ETH has risen more than 33% in the last month, trading above $3,368 at 10:23 UTC on November 23, as per data from Cointelegraph.



ETH/USD, 1-month chart. Source: Cointelegraph

Despite gaining ground, the world's second-largest cryptocurrency could be about to undergo a price correction once Bitcoin BTC surpasses the historic $100,000 mark — widely expected to occur before the end of November.

Bitcoin's next big pullback should trigger a short-term correction for Ether, according to Gracy Chen, CEO of Bitget.

Chen told Cointelegraph:

“The market is already oversold, and a healthy correction could occur… While Ethereum has not shown enough correlation following the Bitcoin surge, any potential pullback once BTC crosses the $100,000 mark could impact Ethereum.”