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.
The Ether price could see an imminent correction in the coming weeks before it resumes a sustainable rally to new highs.
Ether (ETH) rose over 33% during the past month to trade above $3,368 as of 10:23 am UTC on Nov. 23, Cointelegraph data shows.
ETH/USD, 1-month chart. Source: Cointelegraph