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ETH struggling against the $3,000 level
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DOGE returns to yearly lows
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The incredible alt season of 2021 remains on the minds of many in crypto, and hope for a repeat of this environment continues to swirl in the crypto social media zeitgeist. Since the October 10 wipe, crypto has not been able to recover, whether it is ETH or DOGE. Ethereum saw a low of $2.6K in late November and has done its best to recover since then, with a brief visit above the $3.4K level midway through last week. ETH is currently trading around $3,000 and has been quite range-bound during the first two weeks of December.
In the current environment, ETH benefits from its use for RWAs, backed by the largest institutions on the planet. With SEC Chairman Atkins being a strong proponent of on-chain financial markets, Ethereum is best positioned to be the home of financial markets thanks to its robust infrastructure and liquidity. Combined with support from DAT’s massive ETH buying, one would think we would see better price action by the end of the year.
The daily chart of major memecoin DOGE is starting to resemble a ski slope profile, getting lower and lower as we close out 2025. This time last year, DOGE was trading at nearly 50 cents, as if the highs of 2021 were in danger of being taken away. DOGE fell sharply at the start of the year along with everything else, and has returned to these lows again, trading below 13 cents at the time of writing. DOGE does have ongoing developments though, with DogeOS being built by truly dedicated engineers. DOGE has been around for quite a long time and it’s hard to argue that the OG memecoin will ever die. Just like the rest of the market, DOGE is waiting for a catalyst to bring it back to life.
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