Ethereum has once again set an all-time high, drawing attention from analysts and investors. The analysis of the current situation reveals various forecasts and opinions from experts.
Price Dynamics of Ethereum and Bitcoin
Analyst Vetle Lunde from K33 Research presented a chart that overlays Bitcoin's price history post-2017 on a logarithmic scale with Ethereum (ETH) prices. The chart shows that Ethereum's all-time highs often coincide with market cycle peaks. Specifically, Bitcoin's price tends to peak earlier, and by the time the leading altcoin sets a new high, bullish markets may already be exhausted.
Analyst Opinions on the Market
Despite some pessimistic predictions, a number of analysts remain optimistic. For instance, Tom Lee, who has become known as a supporter of Ethereum, views the current cyclical phase as still in its early innings. However, his past excessively optimistic predictions caution investors to take his viewpoints with a grain of salt. Meanwhile, Peter Brandt noted that there is a 30% chance that Bitcoin has already topped in the current cycle, and that number could actually be higher.
Future Predictions and Odds
Currently, Bitcoin is trading above $112,000, while ETH is just below $4,700. According to Polymarket bettors, there is a 17% chance that Bitcoin could plunge to $70,000 by the end of the year, with a 9% chance of reaching $200,000 by January 1, 2026. Notably, ETH is more likely to hit $17,000 than fall to $1,500 this year (6% versus 5%, respectively).
Ethereum's new all-time high and the varying opinions of experts highlight the uncertainty in the cryptocurrency market. Investors' and analysts’ attention is focused on signals that may indicate future trends in the near future.
