First Bitcoin Then Ethereum Goes on the Offensive! Analysts Revealed Their Expectations: "ETH May Be on the Brink of an Unprecedented Surge!"

Bitcoin (BTC) made a big attack at the beginning of the week, surpassing 123 thousand dollars and setting a new record. While this rise was reflected limitedly on altcoins, with the start of profit-taking in BTC, Ethereum (ETH) and altcoins started to surge.

Ethereum has Launched!

At this point, Ethereum has regained the $3,000 level for the first time since February 1st, reaching $3,150, the highest level in the last 5 months.

The analytics firm Swissblock stated that one of the most important driving forces behind Ethereum's rise is the capital rotation from Bitcoin.

Analysts pointed out that Bitcoin's previous four rise waves this year lasted between 15 to 30 days. They noted that the current rise has reached its 12th day and that profit-taking on BTC could begin afterward. Analysts stated that capital exiting BTC could flow into altcoins, especially ETH, which could further elevate ETH.

Analysts also stated that the ETH/BTC ratio has broken upwards for the first time since May, indicating a trend reversal. Analysts noted that ETH/BTC has risen above its 200-day moving average for the first time in a year, adding that this situation indicates a medium and long-term upward momentum for ETH.

Rise Predictions for Ethereum are Increasing!

The pseudonymous crypto analyst Merlijn The Trader also argued that Ethereum could experience an unprecedented rise. Accordingly, the analyst claimed that ETH could follow a trajectory similar to Bitcoin's market cycle from 2018 to 2021.

If Ethereum follows the BTC cycle from 2018 to 2021, it could experience a rise of 1,100%.

It was stated that the current movements of ETH are exactly the same as the movements of BTC between 2028-2021, especially that the rise and correction rates are identical. According to the analyst, after this, ETH may experience the 1,100% increase that BTC experienced.

This also means that Ethereum could potentially rise to around 18,205 dollars.

Although the chart shared by the analyst indicates that a significant rise for Ethereum is imminent, it is not sufficient on its own for a rise. Do not base your investment decisions on a single piece of data or an analysis. These analyses are supportive data that have a margin of error and can never be proven to be 100% accurate.