Ethereum's distance from its all-time high limits near-term return potential compared to earlier entry points in the cycle despite long-term bullish projections

"Still, one analyst believes the market could face another shakeout before a sustained uptrend. For now, he expects Ethereum to remain range-bound with rallies likely encountering resistance until early next year."

"From $1,873, even a return to the all time high represents roughly a 2.7x gain. It is a solid trade but far from the multiples available at earlier entry points in this cycle."