🔥 ETH Eyes $4,800+—Will History Repeat the 2021 Rally? 🧐🚀

Ethereum outperformed Bitcoin for the second time this year last week. Despite Bitcoin rising by over twice its 2021 all-time high of $69,000, Ethereum has not reached new all-time highs. As the ETH price continues to climb, analysts and experts have shared their goals, but one has revealed what might happen if the 2021 rise repeats.

as bottoming at $30 in 2020, Ethereum immediately reversed as the lockdown's COVID stimulus payments boosted the market. Over the following year, ETH rose 59X to $4,800, a record high, in November 2021.

This surge corresponded with the Bitcoin 4-year cycle, which generally predicts bull markets. The 4-year cycle is expected to reoccur, and Ethereum may repeat this surge. A similar rise might bring ETH over 5-figures this time.

Conner said the 30% remained for the ETH price to hit new high is not the end of the rally and there is still a long way to go.

He suggests that because Ethereum rallied 59X off its lows in the past cycle, it may achieve half of that. ETH might reach trillion-dollar market values with a 29x surge to $41,000 this cycle.

Will ETH Flip BTC?

Whether Ethereum will reach Conner's projection would affect its market valuation. In a comment to the original article, X user Leo Stern noted that ETH's market valuation may reach $5 trillion, more than quadruple Bitcoin's.

However, the expert says this would not be an issue since Bitcoin would have reached $500,000. This scenario would put Bitcoin's market worth beyond $10 trillion, rivaling gold. Ethereum will potentially reach $5 trillion as broad acceptance increases, Conner said.

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