Ethereum could reach $8.5K if Bitcoin taps $150K, trader says
Ether’s market capitalization has typically reached up to 35% of Bitcoin’s in past cycles, and its price could reach $8,500 if the pattern repeats and Bitcoin hits $150,000.
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 (ETH) rose to reach 36% of Bitcoin’s then-market capitalization.
Yashasedu said that if Bitcoin (BTC) 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.