According to an analysis by a trader on past bullish market trends, Ether could rise to over $8,500 if Bitcoin makes the highly anticipated move to $150,000.
Cryptocurrency trader Yashasesu said in a post on X on Tuesday: "In major bull runs, ETH usually reaches 30-35% of Bitcoin's market capitalization," noting that during the 2021 bull run, Ether rose to 36% of Bitcoin's market capitalization at that time.
Analysts Predict Bitcoin Will Surpass $150,000
Yashasesu mentioned that if Bitcoin reaches $150,000 - a 25% increase from the current price of $119,335 - then ETH could soar to $8,656, assuming Ether reaches 35% of Bitcoin's market capitalization as in previous cycles.
They added that even at a lower range, if ETH reaches 21.70% to 30% of Bitcoin's market capitalization when Bitcoin hits $150,000, its price could trade in the range of $5,376 to $7,420.
Yashasesu stated that the Ether model reaching 30% to 35% of Bitcoin's market capitalization will repeat.
They stated: "We are currently seeing a similar setup," noting that the total value locked (TVL) of Ethereum recently surpassed $90 billion, along with increasing institutional interest and growing demand from exchange-traded funds (ETFs) for Ether.
Many cryptocurrency companies and analysts predict Bitcoin will surpass $150,000 by the end of this year. Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained's market research director Joe Burnett all predict Bitcoin's price will reach $250,000 by the end of 2025.
The Demand for ETH from Institutions and ETFs Increases Opportunities
On Tuesday, blockchain technology company BitMine Immersion Technologies announced it would raise up to $20 billion to purchase ETH. A day earlier, Ether spot ETF funds recorded the largest net inflow day ever, with total inflows across all funds at $1.01 billion.
In the coming period, there are many predictions that Ether will soon reclaim its all-time high, currently trading at $4,630, about 5.35% lower than its peak of $4,878 in November 2021, according to CoinMarketCap data.
Yashasesu does not predict that the price of Ether will 'cool down' until it reaches its all-time high again. MN Trading Capital founder Michaël van de Poppe also predicts a similar scenario.
Van de Poppe stated on Tuesday: "We may see ETH reach a new ATH and then some consolidation."