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

Ether's market value has typically reached up to 35% of Bitcoin's in past cycles, and could reach $8,500 if the pattern repeats and Bitcoin hits $150,000.

Ether could climb to over $8,600 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 roughly 25% increase from its current price of $119,335 — then ETH could soar to $8,656, assuming Ether reaches 35% of Bitcoin’s market cap as per previous cycles.

Read more