In a recent analysis, crypto analyst Justin Bennett shared his assessment of how low the ethereum price could fall by the end of December this year. He warned that if the number of buyers does not increase, Ethereum ( eth ) could face a downtrend in the coming weeks.
Bennett said in a post on social media X that Ethereum could fall as low as $3,025 by the end of the year. From a daily chart perspective, he noted that ETH needs to establish support at $3,550 to turn bullish next week. If this fails, further weakness is likely for Ethereum. The accompanying chart also shows that ETH could fall as low as $2,570 if it fails to hold support at $3,025.
In a previous post, Bennett said he remains bullish on Ethereum’s price in light of the overall outlook for 2025. However, he stressed that buyers still need to be more active. According to him, ETH needs to recover to $3,550 on the weekly timeframe to have a more positive outlook in the near term.
Notably, there are signs that Ethereum whales have started to increase their buying, as reported by Coingape, which said large investors are buying to take advantage of the price drop. This comes as ETH is rapidly aiming to reach the $4,000 mark.
A group of whales recently withdrew 17,700 ETH from the Binance exchange, worth around $62 million. Notably, it is also reported that Donald Trump's World Liberty Financial has started accumulating more ETH during this price drop.
Crypto analyst Titan has provided a more optimistic view on Ethereum price. He believes that the current correction may be over. Furthermore, he used Ichimoku analysis to study and confirmed that ETH has retested both the Tenkan and Kijun lines. He said that the worst case scenario would be a retest of the Kumo Cloud SSB line, the strongest line in the Ichimoku system.
According to a market research from CoinGape, if the uptrend resumes, this could be the last dip before ETH breaks higher, possibly even reaching $15,940 by May 2025.
In the current climate, the cryptocurrency market has mixed forecasts. Some experts believe that prices will recover quickly to higher levels, while others are concerned about market volatility, especially the effects of global economic policies.
Investors are closely watching the developments of Ethereum and the broader cryptocurrency market, as prices could determine the trend in the coming period. If $3,550 is held, the possibility of a bullish recovery is higher, but if the current support level is lost, another decline could occur.
The current market situation reflects not only the change in investment sentiment but also global factors such as interest rates, the value of the USD and the decisions of governments. The special attention to Ethereum comes not only from simple statistics but also from discussions and innovative initiatives in the blockchain and DeFi fields.
Analyzing and predicting the value of Ethereum is an important part of many investors' investment strategies. Therefore, keeping an eye on macro factors and market signals will help make more effective decisions for those investing in this growing cryptocurrency sector.
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