Ether Leeum was one of the best performers last week, surpassing Bitcoin for the second time this year. Nevertheless, the price of Etherrium has not been able to eliminate the new record, despite the fact that Bitcoin has doubled up to $ 69,000 since 2021. Therefore, as ETH prices continue to be excellent, the universe analysts and experts share their goals, but one analyst reveals what will happen if the surge in 2021 is repeated.
Can Ether Lee Rium repeat 59 times from 2021?
In 2020, when Etherrium prices changed to about $ 30, the price was rapidly reversed due to the surge in cobid stimuli during the blocking. Next year, ETH prices totaled 59 times, reaching a new record of $ 4,800 in November 2021.
The rally was often consistent with the four -year Bitcoin period, which predicted the bull market. Naturally, this time, the four -year period will be repeated, and Ether Lee is the possibility of repeating the same rally. But this time, a similar rally can push ETH into 5 picture marks.
In the X post, the encryption analyst, Eric Conner, discussed the prediction that Etherrium prices would reach the best before reaching the best. Conner explained that 30%of ETH prices are not the end of the rally and still have a long way to go.
He pointed out that Ether Lee could do half because he could rise 59 times at the last cycle. The 29 -fold rally can mean that the price rises to $ 41,000 at the migration, which can be pushed into an ETH as a $ 1,000 market evaluation.
Will ETH flip the BTC?
According to Conner’s predictions, if Ether Lee actually needs to fulfill this prediction, it was a point of interest in how high the market capital was. As an X user, Leo Stern Reply In the original post ETH price If you reach $ 41,000, the market cap will increase to $ 5 trillion, which is more than twice the current market cap of Bitcoin.
But the analyst explains that this would not be a problem because the price of bitcoin rose to $ 500,000. In this scenario, Bitcoin’s market cap is more than $ 10 trillion. Conner explained that as the mass adoption increases, Ether Leeum can easily reach a $ 5 trillion market cap.
DALL.E’s main image, TradingView.com chart
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