Ethereum showed significant growth, reaching $4,300, and potential future market scenarios are being discussed.
Scenario 1 – Parabolic Rise
According to analysis, if Bitcoin reaches $150K and ETH/BTC climbs to 0.044, Ethereum could break its record of $4,850 and aim for $6,000–$7,000. Institutional investments have picked up, with ETFs now holding $33B in assets, up from $24B in July. A break above $4,850 could accelerate prices, especially with BTC dominance dipping, indicating a possible altseason.
Scenario 2 – Healthy Pullback
On the other hand, Ethereum may experience a pullback before the next big move. An analyst has pegged $3,350 as a 'floor' level, where traders could accumulate assets. This dip would allow buyers to enter at lower prices in the $3,350–$4,850 range, setting up a stronger Q4 rally, especially if BTC dominance closes below 60.5%.
Altcoin Prospects
If Ethereum continues to lead, several DeFi and stablecoin projects might see significant movements. Analysts are keeping an eye on tokens such as UNI, LINK, CRV, along with emerging projects AERO, PENDLE and ENS. Stablecoins could also play a vital role in growth, particularly since a large portion of their supply is on Ethereum.
The analysis of the current situation indicates that Ethereum's dynamics could lead to significant market changes. Investors are advised to monitor indicators and potential corrections to maximize their investments.
