In the Crypto Assets market, there is an interesting correlation between Ethereum (ETH) and Bitcoin (BTC). By analyzing the past two bull runs, we have identified a pattern that may be used to predict the peak of the ETH bull run.



This model shows that the market capitalization of ETH during the peak of a bull run is about 7% of the market capitalization of BTC. This phenomenon has been validated during the bull runs of 2017 and 2021. In 2017, the highest price of BTC reached $19,800, while ETH rose to $1,400. In 2021, BTC hit a peak of $69,000, and ETH reached $4,871.

Based on this model, we can make some speculations about the potential highs for ETH in the future. Assuming in the next bull run, if the top price of BTC reaches $120,000, then at a rate of 7%, the price of ETH could approach $8,000. If BTC can surge to $150,000, then ETH might rise to around $10,500.

This prediction method explains why some market analysts expect ETH to potentially reach a price range of $8,000 to $10,000. In contrast, the prediction of $4,000 to $6,000 seems overly conservative.

However, we must keep in mind that the crypto assets market is highly volatile, and past patterns may not accurately predict the future. Investors should act cautiously, conduct thorough research, and be aware of the market's unpredictability. Regardless, the future development of ETH remains promising, with its broad applications in decentralized finance and smart contracts potentially continuing to drive its value growth.
ETH0.6%
BTC1.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
LidoStakeAddictvip
· 07-24 03:35
It's still a reliable prediction.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)