Ethereum falls to new 42-month low vs. Bitcoin Bottom or more pain ahead?
Some analysts see this correction as a local price bottom for Ether, based on historical chart patterns.
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Some analysts see this correction as a local price bottom for Ether, based on historical chart patterns.
An investment of $1,000 into Ether five years ago would be worth over $14,900 today.
Ether could rally another 15% before the first ETFs start trading on the market, according to Arthur Cheong.
While the ETF approval process could be delayed until 2025, it could be Ethers most significant price catalyst.
The monthly record in ETF inflows was insufficient to lift Ether's price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.
Ethers price may see an imminent breakout against Bitcoin based on Ethers correlation with the four-year Bitcoin halving cycle.
Trumps presidential victory inspired a new wave of optimism, including predictions for an imminent Ether rally to $3,200 and hopes for a reform of the US SEC.
Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trumps inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
Ethers price is set for a boost above $4,000 as Trump prepares to take office on Jan. 20, which also marks the last day of work for SEC Chair Gary Gensler.
Bitcoin remaining range-bound below $100,000 may be a net positive for Ethers price and invite more investment in the worlds second-largest cryptocurrency.
Analysts are eyeing a potential $20,000 cycle top for the Ether price, which is expected to gain momentum in the first half of 2025.
Data points to an Ethereum price rally to $3,000, but ETH charts imply that a few corrections could occur along the way.
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