23rd December 2025 – (New York) With year‑end approaching, crypto markets remain disoriented after October’s rout, reversing what had been a strong start to 2025. Bitcoin, which climbed more than 35 per cent to an October peak of US$126,272, now trades at around US$88,480, down 5.25 per cent year to date. Ethereum has charted a similar path: at US$3,005 it is 9.80 percent lower year to date, a sharp turn from nearly 50 per cent gains in August.
The lingering effects of the correction have clouded prospects for both assets, underscored by diverging views from strategists at U.S. boutique Fundstrat Global Advisors. Co‑founder and head of research Tom Lee remains openly bullish, forecasting that Bitcoin could reach US$250,000 within months and describing Ether at roughly US$3,000 as “grossly undervalued”. Lee also serves as chairman of BitMine, which aims to build a leading Ethereum treasury. In contrast, an internal client note from Fundstrat’s head of digital asset strategy Sean Farrell adopted a more cautious near‑term stance, warning that Bitcoin could fall to US$60,000–US$65,000 in the first half of 2026 amid risk‑management concerns and the potential for further declines. Lee framed the discrepancy as a difference in mandate: his own long‑term macro optimism versus Farrell’s short‑term tactical caution.
Recent price action has tilted towards the cautious case. Despite a supportive backdrop of firmer equities, rising gold and a steadier US dollar, Bitcoin recoiled overnight from an intraday high of US$90,536. Technically, the 17.5 per cent rebound from the 21 November “capitulation low” at US$80,53 to the recent US$94,652 high appears corrective, consistent with a counter‑trend rally (Wave IV in Elliott Wave terms). So long as prices remain below the US$95,000–US$100,000 resistance band, the risk favours a resumption of the broader downtrend, with scope to retest and break the US$80,53 low (Wave V), potentially towards the Liberation Day troughs around US$75,000. A sustained break above US$95,000–US$100,000, followed by a move through the 200‑day moving average near US$108,000, would shift the bias towards a retest of the US$126,272 peak.
Ethereum’s structure looks similar. The 33 percent rally from the 21st November low at US$2,620 to the recent US$3,477 high also carries corrective hallmarks associated with a counter‑trend Wave IV. While capped beneath US$3,477 and the 200‑day moving average around US$3,600, risks point to a renewed decline, with potential to retest and break US$2,620 (Wave V) towards roughly US$2,250. Conversely, a sustained rise through US$3,500–US$3,600 would open an initial test of US$4,000, and potentially a move towards the US$4,750–US$4,950 resistance zone.
The post Bitcoin, Ether hand back early‑2025 gains as correction lingers appeared first on Dimsum Daily.
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