Ether has begun to replicate key technical moves from its 2021 bull cycle against Bitcoin. Analyst Mags highlights that current price action could trigger a historical Ether rally in the coming weeks. This trend shift suggests a significant recovery for the leading digital asset.
Recent technical analysis indicates that the cryptocurrency could reach a value of 0.092 BTC soon. This would represent a price of approximately $8,500 if the bullish scenario foreseen by experts materializes. Furthermore, Mags noted that the chart shows seven consecutive weekly green candles, replicating the exact pattern that preceded the massive rise observed previously. On the other hand, the current structure suggests a slow distribution phase following the initial impulse.
Joe Carlasare, a lawyer specializing in digital assets, confirmed the breakout of a five-month downtrend. This technical event is crucial as it validates the asset’s renewed strength against its dominant pair. Likewise, the market structure has spent years consolidating in BTC terms, which lends credibility to the current bullish narrative among institutional investors. Thus, the market is watching closely to see if the current support will hold firm against volatility.
Mags observed that the ETH/BTC pair bottomed out in April, coinciding with previous lows. An upward reversal produced an initial top similar to February 2021, followed by a retest. Therefore, what happens now could be very positive for long-term holders. Bull market history continues to play out for the largest altcoin in the ecosystem.
Are we facing the start of an altcoin season led by Ethereum’s strength?
Michaël van de Poppe indicated that if support holds, the price could climb toward $3,700. Buyers are stepping in at higher levels than last week, indicating a clear intention to push the price aggressively upward. However, Bitcoin’s health remains a determining factor for the continuity of this general momentum. In this way, the correlation between both assets will define the market pace in the coming weeks.
Despite positive signals, concerns exist regarding Bitcoin’s strength at current levels. The 2025 yearly open at $93,500 has not yet been reclaimed as solid support by bulls. Nevertheless, several indicators have begun to echo signals seen during the bear market bottom. Macroeconomic uncertainty continues to play a relevant role in the price configuration.
Final projections for the cycle closing
The scenario for Bitcoin also looks promising if it manages to recover key levels recently lost in the market. Van de Poppe argues that if $91,500 acts as solid support, we will see a test of $100,000 next week without fail. Also, he considers that the correction is done and a definitive bottom is forming before takeoff.
Finally, the cryptocurrencies market finds itself at a decisive turning point for the year’s close. Analysts agree that investor patience could be rewarded with imminent new all-time highs. Volatility is expected to increase, providing unique opportunities for experienced traders in the sector of digital assets.
