Ether is hinting at a potential 170% surge in under two months as its historical pattern against Bitcoin appears to be repeating.
Key points:
- Ether looks set to challenge its long-term high above 0.09 BTC.
- The largest altcoin’s bull-market momentum remains strong, with $3,700 as the next target.
- Analysts anticipate Bitcoin could hit $100,000 as soon as next week.
Trader on ETH Bull Run: “You know what’s coming”
New analysis shared on X Friday by trader Mags highlights a strikingly similar ETH price pattern to the 2021 bull market.
After years of grinding lower in BTC terms, Ether’s recent months have taken on a distinctly bullish narrative.
According to Mags, ETH/BTC bottomed in April, wicking to the exact lows that previously set the stage for a major bull run. An upward reversal then produced an initial peak in February 2021, followed by a support retest — a pattern now repeating itself. If history holds, the next move could bring relief to long-suffering ETH holders.
“Right now, it’s sitting at the exact support level from which it surged 170% in just seven weeks, printing seven consecutive weekly green candles, followed by a gradual distribution phase,” Mags commented.
“You know what’s coming.”
A 170% rally from current levels would push 1 ETH to roughly 0.092 BTC, or about $8,500.
Ether’s performance against Bitcoin has also drawn attention across the crypto community this week. Digital asset attorney Joe Carlasare noted that ETH/BTC has broken out of a downtrend that had persisted for nearly six months.
“I’d love to see $ETH hold this previous resistance zone as support,” crypto trader, analyst and entrepreneur Michaël van de Poppe told X followers Wednesday.
“What does that say? Well, it does say that buyers are willing to be stepping in on higher grounds than last week and that would signal a potential rally to $3,700.”
$100,000 Bitcoin Price Back in Play
Discussion of a potential long-term BTC price bottom continues, supported by encouraging indicator data. Several metrics are beginning to mirror signals seen during the depths of the 2022 bear market for BTC/USD.
However, significant concerns remain about Bitcoin’s strength at current levels, with the 2025 yearly open of $93,500 still failing to hold as support.
“I still believe we’ve completed this correction and are forming a bottom before entering the next leg up toward the all-time high,” Van de Poppe said.
“If $91.5K holds as support, then I would assume we’ll be seeing a test at $100K in the coming week.”
