Forecasted Ethereum Price: $7K If the altcoin season begins, the target is in sight.
With its biggest increase versus Bitcoin since 2021, Ethereum has jumped to $4,300, igniting new discussion about whether the next move is a blow-off peak or a brief slowdown before liftoff.
Analyst VirtualBacon predicts that if Bitcoin moves closer to $150K and ETH/BTC reaches 0.044, the price of ETH may repeat its all-time high of $4,850 before aiming for $6,000–$7,000 by the end of the year. $6,600 is his modest objective.
Joseph Lubin, a co-founder of Ethereum, has forecast that ETH would overtake Bitcoin in terms of market capitalization in the coming year.
According to VirtualBacon, the current state of the market indicates that ETH is experiencing its biggest upswing versus Bitcoin since 2021, with institutional inflows, ETF momentum, and altcoins associated with ETH all positioning themselves for possible growth. However, which two situations determine the course of action
Scenario 1 – The Parabolic Charge
If ETH/BTC reaches 0.044 and Bitcoin surges to $150K, ETH may surpass its all-time high of $4,850 and reach $6,000–$7,000 this year. With ETFs now owning $33 billion worth of ETH, up from $24 billion in July, institutional flows are significantly shifting in favor of the cryptocurrency. Prices may rise rapidly if there is a clear break over $4,850, particularly as BTC dominance has been declining since 2021, suggesting the beginning of altseason.
Scenario 2 – The Healthy Pullback
Conversely, ETH can have a retracement before to the significant advance. Unless Bitcoin itself collapses, analysts predict that $3,350 will be the “floor” level, July’s upper low, and a crucial uptrend support. With their swing bot technique, traders would be able to buy dips and sell rips in the $3,350–$4,850 area, allowing them to accumulate at reduced prices. If BTC dominance closes below 60.5%, a drop here might pave the way for a greater Q4 surge, with altseason confirmed.
The Altcoin Angle
Some DeFi and stablecoin plays may see significant movements if ETH continues to lead. Heavyweights including UNI, LINK, CRV, and COMP are on the analyst’s watchlist, along with up-and-coming companies like AERO, PENDLE, ENS, and HOME. Since Ethereum holds the majority of the USDC and USDT supply, stablecoins are also a covert bullish driver. If significant deals are struck, projects like World Liberty Financial’s USD1 might grow rapidly, which could enhance related tokens like WLFI, BLOCK, and DOLO as well as the shares of ALTS, which is listed on the NASDAQ.
Analyst Says to Wait till Q4
Investors should keep ETH over $3,350, concentrate on ETH-powered DeFi and stablecoin projects, and wait for Bitcoin supremacy to validate an altseason breakout, according to the analyst’s plan. Ethereum may have its second parabolic moment in Q4 if his timing is correct.
The supply of Ethereum on exchanges has fallen to barely 12%, the lowest level since 2016, according to cryptocurrency analyst Kyle Chassé, who also raised concerns. He thinks the environment is set for potentially explosive price movements because demand is increasing and supply is decreasing to decade-low levels. He hinted that this might be the beginning of altseason or possibly the start of ETH’s even more ambitious journey.
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