- Ethereum follows bullish Bitcoin script of the previous bull cycle.
- Analyst expects $10,000 ETH ATH to be an inevitable target.
- The September correction may not hurt ETH as much as BTC.
The crypto market always moves in cycles and patterns, giving capable crypto analysts keen and deep insights to read crypto prices and make promising predictions that allow them to share their expectations with the community. According to one analyst, ETh is following BTC’s bull pattern. Thus, as Ethereum follows bullish Bitcoin script, a $10,000 ETH ATH price seems inevitable for this bull cycle.
Ethereum Follows Bullish Bitcoin Script
The price of the pioneer crypto asset has acted as the blueprint to read the crypto market. That is to say, with Bitcoin (BTC) being the first token and the asset that influences other assets in the crypto market, it tends to be the one to offer the most insight for crypto analysts trying to read the market. After all, it is Bitcoin, 4-year bull cycle patterns that help determine when the market is set to enter bull and bear phases.
To highlight, one of the most significant signals for a bull market is the completion of the Bitcoin Halving event. Based on historic data, the price of BTC and, eventually, the prices of all other altcoins, tend to hit new ATH prices and pump parabolically after the Bitcoin Halving event occurs. What’s more, once Bitcoin sets extravagant new ATH records, the altseason peak gets triggered, leading to several altcoins hitting new ATH prices.
While both BTC and ETH have set new ATHs so far this bull cycle, Bitcoin has set multiple ATHs, and ETH has only set one about 5 days ago, meaning that ETH just broke its previous ATH record, signaling the possible start to an ETH price run through the price discovery phase, a move that could in turn trigger the bull cycle’s altseason. With ETH now in the price discovery phase, analysts are debating how high the coming ETH ATHs can go.
As the post above describes, the analyst believes that Ethereum is following the Bitcoin script, that is, that the ETH price chart is mimicking the BTC price chart of 2018-2021. He notes that ETH experienced the same fractal moves as BTC of that time period, with the same crash, the same recovery, and the same coil. He concludes by saying that ETH is now in the liftoff zone and is projected to pump by over 1110%.
$10,000 ETH ATH Inevitable
Meanwhile, another reputed analyst confirms that an ETH ATH price of $10,000 this bull cycle is inevitable. However, the analyst expects the asset to first go through the September correction phase, based on historic patterns. He said the coming dip will be an ideal time to accumulate before an explosive Q4 2025. However, he does say that ETH could go on to have a green September due to steady market strength.
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