Market observers have recently provided their perspectives on the potential price trajectories for the two largest cryptocurrencies, Bitcoin and Ethereum, following recent movements in the market. As of May 20, 2025, Bitcoin saw a dip from above the $106,000 level to around $104,700, while Ethereum was trading just below $2,500. Analysis suggests focusing on key technical areas for future price action.
Bitcoin Outlook
With the recent weekly candle closure considered, attention is shifting to how Bitcoin might interact with identified price inefficiencies in the coming week. Two potential scenarios for price development are being examined:
- A more localized correction targeting a fair value gap (FVG) zone, which could involve revisiting the previous week’s low before potentially resuming an upward trend towards the recent high.
- A deeper corrective move that could see the price retreat into the range between $92,000 and $94,000.
Analysts emphasize that understanding these potential corrective phases is crucial, while the possibility of an immediate sharp upward impulse is not currently the primary focus of the analysis.
Ethereum Outlook
Ethereum has settled back within a price range that was prominent between March 1 and December 1 of 2024. A significant development would be if the monthly candle manages to close decisively above the $2,100 mark. Should this occur, the likely path involves a potential local correction back to around $2,100, or possibly a more pronounced dip into the $1,953 zone. Following such a correction, there is a potential for growth, with a target around $4,300 potentially being reached by mid to late autumn.
An alternative perspective also anticipates a correction into the $2,100 or even $2,221 area, after which the asset is expected to attempt further upward movement. Ideally, this continued growth phase would be preceded by a period of price accumulation, potentially occurring roughly from July through mid-August. Despite Ethereum’s price action showing some hesitation after an initial push on shorter timeframes, the general strength observed across altcoins suggests that a local correction followed by a move to set a new high remains a possibility.
Michael combines data-driven research with real-time market insights to deliver concise crypto and bitcoin analysis. He’s passionate about uncovering on-chain trends and helping readers make informed decisions.