On December 25, 2025, Ethereum (ETH) is trading around $2,942.71, down 0.98% from the previous day. Despite short-term pressure, the market remains optimistic about its long-term upside potential.

Technical bullish signals: The ETH/BTC exchange rate is forming a bullish "cup and handle" pattern. If it breaks through the key resistance level of 0.02596, the target could reach 0.03814, representing a potential increase of 55%. A golden cross has appeared on the daily chart, typically indicating a large-scale rebound.

Fundamental support remains strong: The Ethereum network's daily contract deployment exceeds 250,000, with a surge in smart contract usage. Major institutions like BlackRock continue to increase their holdings, and its staked ETH ETF (ETHB) has been officially filed, expected to attract more institutional capital inflows. Additionally, Fusaka's upgrade releases 8 times the L2 throughput, significantly enhancing network performance.

Market outlook remains optimistic: Several institutions forecast ETH could reach $4,000-$5,500 by the end of 2025, or even higher. Standard Chartered has lowered its target price to $4,000 but remains bullish on its long-term value. If the ETH/BTC ratio reverts to its eight-year average, ETH could reach $12,000.

Overall, although ETH faces short-term adjustment pressures, both technical patterns and fundamentals support its long-term bullish logic. It is recommended to buy on dips, with a target above $4,000. #热门