BitcoinSistemi 2025-08-12 22:03:08

How High Will the Price of Ethereum (ETH) Go? Analyst Explains Using Historical Data

The recent massive rally in Ethereum (ETH) has investors eyeing its next target. Cryptocurrency analyst Miles Deutscher assessed the potential price levels for ETH, citing previous bull markets. “During major bull runs, ETH typically reaches 35% of Bitcoin’s market cap. We saw around 35% in 2017 and 36% in 2021. Based on Bitcoin’s current market cap, this would take ETH to around $6,000. At a BTC price of $150,000, ETH could reach over $8,000,” Deutscher said. Related News: Ethereum (ETH) Price Hits $4.500 - Why is ETH Rising? Here's What You Need to Know The surge in ETH prices is driven by BitMine Immersion Technology (BMNR), which has transitioned from Bitcoin mining to an Ethereum accumulation strategy. Led by Fundstrat's Thomas Lee, the company aims to raise up to $20 billion in additional capital by expanding its share sale program. The majority of this funding will reportedly be used to purchase ETH. The company, which previously authorized a $4.5 billion stake sale through Cantor Fitzgerald and ThinkEquity, announced that it has sold almost all of that amount, leaving only $723 million remaining. *This is not investment advice. Continue Reading: How High Will the Price of Ethereum (ETH) Go? Analyst Explains Using Historical Data

Most Read News

Dogecoin Skyrockets 30% In Volume as Bulls Ge...
2025-08-13
OKB Experiences Significant Surge Following O...
2025-08-13
Massive Token Burn Sends OKB Skyrocketing 130...
2025-08-13
XRP Transfer Sparks Speculation as Upbit Move...
2025-08-13
Ethereum Price Forecast: Standard Chartered P...
2025-08-13
Pantera Capital Announces New $300 Million In...
2025-08-13
Cryptocurrency Market Faces New Challenges as...
2025-08-13
US banks push congress to close stablecoin in...
2025-08-13

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.