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Ethereum Futures Market Points To Potential Breakout—Here’s What You Need To Know Ethereum Futures Market Points To Potential Breakout—Here’s What You Need To Know

ETH/BTC’s 8-Year Cycle Chart Shows How High Ethereum Price Can Go This Cycle


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Recent analysis suggests that the Ethereum price may be operating on an 8-year cycle, diverging from Bitcoin’s established 4-year cycle. This would explain the sheer underperformance of the Ethereum price in relation to the Bitcoin price since the beginning of the year. Keeping this in mind, technical analysis suggests that the Ethereum price still has a long way to go in this cycle, especially if the Bitcoin price starts to undergo a major correction.

Understanding ETH/BTC’s 8-Year Cycle

Technical analysis of the ETH/BTC chart has pointed out an interesting cycle between both crypto heavyweights. Notably, the chart shows that the Ethereum price has been largely underperforming against the Bitcoin price for the past few years, a trend that has been further exacerbated since July of this year. 

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Unlike the Bitcoin price, which follows a well-documented 4-year cycle aligned with its halving events, the Ethereum price seems to chart a different path. Over the years, data suggests that Ethereum is aligned with an 8-year cycle. This distinction explains why Ethereum and its ecosystem often appear to lag behind Bitcoin during bull runs and bear markets. Interestingly, this distinction has been very obvious in the current bull cycle, which has seen the Bitcoin price breaking into multiple new all-time highs while Ethereum continues to struggle under $4,000.

Ethereum’s 8-year cycle indicates that as the Bitcoin price starts to reach a peak within its own cycle, Ethereum could be counterbalancing these movements. This plays into the notion of an altcoin season where investors start to take profit on the Bitcoin price and start investing in the altcoin market. 

According to an analysis on the TradingView platform, the 4-year cycle of the Bitcoin price suggests that the leading cryptocurrency might plunge to the depth of its sinusodial path by 2026, according to its Power Law corridor by 2026. On the other hand, this predicted Bitcoin price decline will be counteracted by a simultaneous Ethereum price surge that would push it to its highest point in the 8-year cycle by 2026.

Source: TradingView

Projected Peak For Ethereum Price In Mid-2026

Based on the 8-year cycle theory, Ethereum’s price is anticipated to peak by mid-2026. This peak is expected to align with the trough of Bitcoin’s 4-year cycle, creating a counterbalance between the two leading cryptocurrencies. During this period, Ethereum’s price is projected to climb to its highest levels as Bitcoin enters a price correction phase. Additionally, BNB is expected to act as a stabilizing asset alongside Ethereum as the Bitcoin price declines.

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Price forecast suggests that the Ethereum price could reach $17,600 by June 2025, with BNB simultaneously rising to $3,520. By July or August 2026, Ethereum is projected to reach $150,000, while BNB may climb to $30,000.

At the time of writing, Ethereum and BNB are trading at $3,385 and $660, respectively. Bitcoin is trading at $98,150.

Ethereum price chart from Tradingview.com
ETH price above $3,500 | Source: ETHUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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Scott Matherson

https://www.newsbtc.com/news/btc-8-year-cycle-ethereum-price/

2024-11-25 12:30:09

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