Yashasedu analyst: BTC will rise to $ 150,000, ETH will exceed $ 8500

Analyst and trader Yashasedu predicts that the price of Ethereum ETH $4,718.64 Bridged Ether (StarkGate) 5.36% Market capitalization $0.12 billion VOL. 24 hours $4.41 billion could exceed $ 8,500 if Bitcoin BTC $121,821.93 Bitcoin 1.93% Market capitalization $2.42 trillion VOL. 24 hours $2.41 billion reaches $ 150,000. He notes that during large bull markets, ETH usually accounts for 30−35% of BTC’s market capitalization. In 2021, this figure reached 36%.

If BTC rises to $ 150,000 (about 25% from the current level of $ 119,335), then ETH, with a 35% share of the bitcoin market capitalization, could be worth about $ 8,656. Even in the lower range of 21.7−30% of BTC’s capitalization, the price of ETH will fluctuate between $ 5,376 and $ 7,420.

The analyst believes that the market is in a similar phase to previous cycles: The TVL in the Ethereum ecosystem has exceeded $ 90 billion, and institutional interest and demand for ETH ETFs are growing. Several leading industry figures, including Tom Lee (Fundstrat), Arthur Hayes (BitMEX), and Joe Burnett (Unchained), predict that bitcoin could rise to $ 250,000 by the end of 2025.

The situation is also supported by record demand for ETFs: on Monday, August 11, total net inflows into ETH-based funds reached $ 1.01 billion, the largest daily figure in history. In addition, BitMine Immersion Technologies announced its intention to raise up to $ 20 billion to buy ETH.