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    Ether price surge and future predictions: Will it top $20,000 by next year?

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    Ether’s price increased by 33% to $3,368 over the last month. However, Bitget’s CEO Gracy Chen expects Ether to drop shortly when Bitcoin breaches $100,000. Despite this, Ether is predicted to perform impressively by 2025, with potential to reach over $20,000 next year. This is due to Ether leading the way in smart contract blockchain and its increased usage. Chen anticipates Ether reaching its all-time high again by year-end, while CEO of ITC Crypto, Benjamin Cowen, sees 2025 as an optimistic year for Ether.

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    Ether’s price might be about to dip before it continues on a steady climb to new heights.

    In the last month, Ether (ETH) increased over 33% to trade above a pretty nice $3,368 as of the morning of November 23, according to Cointelegraph data.

    Despite this great run, Ether, the second-biggest crypto out there, could well see a price drop when Bitcoin (BTC) smashes past the record-breaking $100,000 milestone – something many are expecting to happen before the end of November. The CEO of Bitget, Gracy Chen, reckons that another Bitcoin dip will likely lead to a short-term price correction for Ether.

    Chen said to Cointelegraph, “The market is already oversold, and a healthy correction might occur… Even though Ethereum hasn’t responded much to Bitcoin’s rise, any potential drop-off as soon as BTC breaches the $100,000 mark might impact Ethereum.”

    This comes as Bitcoin is getting closer and closer to $100,000, despite the $2.6 billion options expiry that happened on November 22.

    But it’s not all bad news for Ether. Although a correction may happen before the end of the year, many believe that Ether is set for an impressive run in 2025.

    According to a well-known crypto analyst called Wolf, new technical chart patterns suggest that Ether’s price could reach a cycle top of over $20,000 next year. Although the idea should be taken with a pinch of salt, he also believes that a notable price rally is supported by the ascending triangle pattern, typically seen as a bullish sign.

    Ether’s price action hasn’t been quite as impressive as Bitcoin’s, with Bitcoin’s price climbing by over 164% in the past year, compared to Ether’s 63%.

    However, as Ether leads the way in the world of smart contract blockchain, its usage should drive its rally upwards beyond its old all-time high. Chen argued that Ethereum is still the most-used smart contract protocol by volume, and with targeted improvements in place, its utility will only grow. This should increase Ether’s popularity and help it to reach its all-time high again.

    Although investors may currently be focusing more on Bitcoin as it continues its rally, Chen believes Ether will bounce back as Bitcoin’s momentum slows down. She anticipates that the market can expect Ether to reach its all-time high again by the end of the year.

    Ether generally experiences positive quarterly returns against Bitcoin’s price in the first six months of post-Bitcoin halving years. This could be a promising sign for the future of Ether’s price, making 2025 look particularly optimistic, according to Benjamin Cowen, the CEO, and Founder of ITC Crypto.

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