Big Targets, Slower Cycles: Why $25K Was a Stretch

[nihalsari]

The miss highlights a broader recalibration across crypto: macro liquidity, regulatory pacing, and post-liquidation risk aversion all weighed on price momentum in late 2025. Even with solid fundamentals, Ether struggled to escape a range as markets digested leverage and awaited clearer catalysts.

Several prominent voices had still argued for ambitious upside. Arthur Hayes maintained a bullish long-term view, while others floated five-figure targets tied to upgrades and usage growth. The takeaway for traders: narratives can be right while timelines are wrong.

[lingriiddd]

narratives being right but timing being wrong is peak crypto