Bitcoin News Today: Ethereum Could Hit $8,656 If Bitcoin Hits $150,000

Ethereum could potentially surge beyond $8,600 if Bitcoin reaches $150,000, according to crypto trader Yashasedu. This projection is based on historical bull market trends, where Ethereum has typically captured between 30% and 35% of Bitcoin’s market capitalization [1]. During the 2021 bull cycle, ETH reached 36% of BTC’s market cap, a figure that serves as a reference point for Yashasedu’s current analysis. If Bitcoin climbs to $150,000—currently 25% higher than its price of $119,335—Ethereum could trade at $8,656, assuming it maintains 35% of Bitcoin’s market cap [1]. At the lower end of the projected range, ETH could see prices between $5,376 and $7,420 if it captures 21.70% to 30% of Bitcoin’s market cap.

The trader notes that conditions are now aligning in a way that mirrors previous bull cycles. Ethereum’s total value locked (TVL) has recently surpassed $90 billion, and institutional interest in the asset is growing. Additionally, exchange-traded funds (ETFs) focused on Ether have seen heightened demand, further reinforcing the possibility of a strong price movement [1].

Multiple analysts in the crypto space have expressed bullish views on Bitcoin’s trajectory. Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained market research director Joe Burnett all predict Bitcoin could reach as high as $250,000 by the end of 2025 [1]. This optimism underscores the potential for Ethereum to benefit from a broader market upturn driven by Bitcoin’s performance.

Recent developments have also supported the growing confidence in Ethereum. BitMine Immersion Technologies announced plans to raise up to $20 billion for ETH purchases, signaling significant institutional interest. Meanwhile, spot Ether ETFs recorded their highest single-day net inflows ever, totaling $1.01 billion [1]. These figures suggest both institutional and retail investors are preparing for a potential surge in Ethereum’s value.

Ethereum is currently trading at $4,630, slightly below its November 2021 high of $4,878. Analysts like Yashasedu and MN Trading Capital founder Michaël van de Poppe believe a new all-time high is likely before any consolidation phase occurs [1]. However, they caution that such projections are based on historical patterns and market sentiment, and actual outcomes depend on a range of unpredictable factors.

As with all cryptocurrency investments, traders and investors are reminded that price movements carry significant risk. It is essential to conduct thorough research and due diligence before making any decisions [1].

Source:

[1] Ether May Tap Above $8.6K If Bitcoin Reaches $150K - https://cointelegraph.com/news/bitcoin-price-ether-follows-historical-trends-crypto-analyst