According to him, the asset’s price could still reach $5000 by the end of 2025, despite a deep correction. Over the past week, Ethereum’s price has fallen by 12.6%, hitting a low of around $3100. At the time of writing, the coin is trading at $3352, which is 32% below the all-time high of $4946 reached in August.
Ethereum’s Price Movement: A Bear Trap in Disguise?
Santiment analysts warned of rising FOMO.
The movement of the second-largest cryptocurrency by market capitalization appears to be a “massive bear trap,” according to observations shared by a trader known as Ash Crypto.
According to him, the asset’s price could still reach $5000 by the end of 2025, despite a deep correction.
Over the past week, Ethereum’s price has fallen by 12.6%, hitting a low of around $3100.
At the time of writing, the coin is trading at $3352, which is 32% below the all-time high of $4946 reached in August.
Analyst Michaël van de Poppe described the current zone as “optimal for accumulation.” November is traditionally considered the best month for Bitcoin, with the cryptocurrency appreciating by an average of 47% during this month. For Ethereum, the figure is noticeably more modest at around 5.7%.