Ether may climb to over $8,500 if Bitcoin makes a highly anticipated move to $150,000, according to a trader’s analysis of past bull market trends.
“In major bull runs, ETH typically hits 30-35% of Bitcoin's [market cap],” crypto trader Yashasedu said in an X post on Tuesday, noting that in the 2021 bull run, Ether
$4,628
rose to reach 36% of Bitcoin’s then-market capitalization.
Analysts predict Bitcoin surpassing $150,000
Yashasedu said that if Bitcoin
BTC
$119,005
reaches $150,000 — a 25% increase from its current price of $119,335 — then ETH may soar to $8,656, assuming Ether reaches 35% of Bitcoin’s market cap as in previous cycles.
They added that even at the lower range, if ETH reached 21.70% to 30% of Bitcoin’s market cap when Bitcoin hit $150,000, its price could trade between $5,376 and $7,420.
Based on historical patterns, Ether may reach as high as $8,656 if Bitcoin taps $150,000.. Sourc: