Ethereum (ETH) may climb past $8,500 if Bitcoin (BTC) reaches the anticipated $150,000 mark, according to trader Yashasedu. By analyzing past bull market trends, the analyst highlights a historical correlation between ETH’s market cap and Bitcoin’s during major price rallies.
Crypto trader Yashasedu pointed out in an X post on Tuesday, “In major bull runs, ETH typically hits 30-35% of Bitcoin’s [market cap].” During the 2021 bull cycle, Ether rose to 36% of Bitcoin’s market capitalization, illustrating this recurring pattern.
Bitcoin’s Potential to Boost Ethereum
Yashasedu predicts that if Bitcoin climbs to $150,000—a 25% increase from its current $119,335—Ether could surge to $8,656, assuming it reaches 35% of Bitcoin’s market cap as in previous cycles. Even at a lower threshold, if Ether’s market cap hits between 21.7% and 30% of Bitcoin’s, its price could range from $5,376 to $7,420.
“We’re seeing a similar setup now,” Yashasedu added, referencing Ethereum’s total value locked (TVL) recently surpassing $90 billion. The trader also noted rising institutional interest and growing demand for Ether through exchange-traded funds (ETFs) as factors that may support this rally.
Several prominent analysts and crypto firms expect Bitcoin to exceed $150,000 by year-end. Notable figures include Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained Market Research director Joe Burnett, with some forecasts projecting BTC could reach as high as $250,000 by the end of 2025.
Institutional Moves and ETF Inflows Strengthen ETH
Recent developments in institutional and ETF activity further bolster Ether’s outlook. On Tuesday, blockchain firm BitMine Immersion Technologies announced plans to raise up to $20 billion for ETH acquisitions. The day prior, spot Ether ETFs recorded their largest single-day net inflows ever, totaling $1.01 billion across all funds.
Currently trading at $4,630, Ether remains approximately 5.35% below its November 2021 peak of $4,878, according to CoinMarketCap data. Analysts suggest that the cryptocurrency could soon reclaim its all-time highs.
Yashasedu does not expect any significant cooling in Ether’s price until it surpasses its previous record. Similarly, MN Trading Capital founder Michaël van de Poppe stated on Tuesday, “We’ll likely see a new ATH for ETH and then some consolidation,” indicating potential short-term stability following the anticipated rally.
Conclusion:
The historical correlation between Bitcoin and Ethereum, combined with strong institutional interest and ETF inflows, could position Ether for significant gains. Investors and market watchers are closely monitoring BTC’s trajectory, as its next major move could directly influence Ethereum’s potential breakout.