The trader predicted a rise of Ethereum to $8,500 against the backdrop of a Bitcoin rally.



Ethereum could soar to $8,500 if Bitcoin reaches $150,000 — such a bold prediction was made by a crypto trader who studied the patterns of past bull cycles.

A trader under the nickname Yashasedu analyzed historical data and concluded that during major Ethereum rallies, it typically reaches 30-35% of Bitcoin's market capitalization. On the social network X, he reminded that in the bullish cycle of 2021, Ethereum rose to 36% of the older sibling's capitalization.

If Bitcoin really reaches the mark of $150,000 — which means a rise of 25% from the current $119,335 — then Ethereum could soar to $8,656. However, this is assuming that the scenario of reaching 35% of Bitcoin's market capitalization repeats.
ETH-3.9%
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