Ethereum has a key development ahead of it. Analysts expect a short-term price drop, after which it could reach $20,000 in 2025. Developments in the Bitcoin market as well as Ethereum’s growing role in smart contracts will contribute to the growth.
Short-term correction and potential for a breakthrough
Ethereum is currently trading above USD 3,312, after a monthly growth of 33%. However, Gracy Chen, CEO of Bitget, warns that the price could temporarily fall when Bitcoin reaches the USD 100,000 mark, which is expected soon.
Analyst Wolf suggests that ETH could break the long-term triangle pattern, with a price target heading towards USD 20,000. This pattern tends to be considered a growth signal and points to a possible cycle high in 2025.
Growth through utility
Despite lower year-on-year appreciation compared to Bitcoin, Ethereum remains the leader in smart contracts. Technology upgrades are increasing its utility, which could support long-term growth and a return to all-time highs.
Experts predict that ETH will show positive results especially in the first half of 2025. Thus, despite short-term fluctuations, Ethereum retains the potential to reach its all-time high and set new records.
