Ethereum could reach $8.5K if Bitcoin taps $150K, trader says

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 $4,628) rose to reach 36% of Bitcoin’s then-market capitalization.

Analysts predict Bitcoin surpassing $150,000

Yashasedu said that if Bitcoin (BTC $119,327) 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. Source: Yashasedu 

Yashasedu said that the pattern of Ether reaching between 30% and 35% of Bitcoin’s market cap is set for a repeat. 

“We’re seeing a similar setup now,” they said, noting that Ethereum’s total value locked (TVL) recently topped $90 billion, alongside surging institutional interest and growing exchange-traded fund (ETF) demand for Ether.

Several crypto firms and analysts expect Bitcoin to surpass $150,000 by the end of the year. Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained market research director Joe Burnett all predict it will reach up to $250,000 by the end of 2025.

Institutional and ETF demand for ETH raises chances

On Tuesday, blockchain technology firm BitMine Immersion Technologies said it would raise up to $20 billion for ETH purchases. A day earlier, spot Ether ETFs recorded their biggest day of net inflows ever, with flows across all funds totalling $1.01 billion.

In the near term, there is high anticipation that Ether will soon reclaim its all-time highs, currently trading at $4,630, about 5.35% below its November 2021 peak of $4,878, according to CoinMarketCap data.

Yashasedu doesn’t anticipate a “cool off” in Ether’s price until it reclaims the all-time high. MN Trading Capital founder Michaël van de Poppe foresees a similar situation.

“We’ll likely see a new ATH for ETH and then some consolidation,” van de Poppe said on Tuesday.