Ether may experience a short-term correction before reaching new highs.

Ether could see a correction once Bitcoin hits $100,000 with this level expected to be surpassed by the end of November. Bitget CEO Chen noted that Bitcoin’s drop could trigger a short-term correction for Ether.

Chen: “The market is oversold, and a healthy correction is possible… As BTC hits $100,000 Ethereum could be affected.”

2025 Ether Prediction: Is a $20,000 Peak Coming?

A short-term correction may occur before the year ends, but Ether is set for a long-term rally in 2025.

Popular crypto analyst Wolf stated that, based on technical charts, Ether’s price could surpass $20,000.

“The ETH chart has been forming a three-year compression triangle since November 2021,” wrote Wolf on November 22. “A breakout from this triangle will target $20,000,” he added.

Ethereum’s Dominance As a Leading Smart Contract Platform Will Accelerate Ether’s Rise in 2025

Ethereum’s price has lagged behind Bitcoin’s price action. While Bitcoin’s price rose by over 164% last year, Ether increased by only 63%.

ETH&BTC, 1-year Chart

Ethereum’s dominance as the leading smart contract blockchain will enable Ether to surpass its previous all-time highs.

“Ethereum remains the most used smart contract protocol by volume, and updates are increasing its utility,” said Bitget CEO Chen. This will drive Ether’s acquisition and push it to reclaim its all-time high.

While investors may currently be rotating funds into Bitcoin, Chen believes Ether will recover once Bitcoin’s momentum slows down.

“The market may expect ETH to reach its all-time high before the end of the year,” Chen added.

ETH/BTC Quarterly Returns. Source: Benjamin Cowen

Benjamin Cowen, CEO and founder of ITC Crypto, wrote in a post on X on November 23, “Ether generally shows positive returns in the first half of halving years against Bitcoin’s price. This could be an optimistic sign for Ether’s price in early 2025.”

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