Based on an analysis of previous bullish cycles, it is suggested that Ethereum could break above $8,500 if Bitcoin rises to $150,000.
Bitcoin Predictions and the ETH Connection
Cryptocurrency trader Yashasedu noted in a post in X that during periods of strong growth, ETH often reaches 30–35% of Bitcoin’s market capitalization. He argues that if BTC reaches $150,000, ETH could rise to $8,656—provided the market capitalization ratio remains the same in the next cycle.
Even with a more moderate ratio—in the range of ~21.7% to 30%—the ETH price could end up between $5,376 and $7,420.
Factors Contributing to ETH Growth
Increased institutional interest: for example, BitMine Immersion Technologies announced its intention to raise up to $20 billion to buy ETH.
Ethereum spot ETFs have seen strong inflows, with total net inflows recently reaching $1.01 billion, a record high.
The total value locked (TVL) in the Ethereum ecosystem has increased, and institutional investor interest has grown.
ETH is currently trading at approximately $4,630, just below its November 2021 all-time high of $4,878.
Yashasedu doesn’t expect the ETH price to cool before reaching its all-time high. Analyst Michael van de Poppe also predicts that Ethereum is headed for a new record high, followed by a period of consolidation.
Important note:
This article is for analytical purposes only and does not constitute investment advice. Any decisions to buy or sell cryptocurrencies involve risk, and independent market research is recommended before making any decisions.
