While Bitcoin (BTC) races from record to record in 2025, Ethereum (ETH) has lagged behind BTC.
Ethereum rose significantly in August and finally broke through the 2021 ATH. However, after that, the price started to decline and fell below $3,000.
While people are wondering when Ethereum will reach the new ATH, pseudonymous analyst Maggs claimed that ETH is repeating its 2021 bullish pattern and could rise 170% to $8.5,000.
The analyst said in his latest analysis that Ethereum is exhibiting a price pattern similar to the 2021 bull market, paving the way for a significant rally.
At this point, analysts pointed out that the ETH/BTC trading pair bottomed in April, the same time as the previous bull cycle.
The analyst said that the up and down movements experienced in 2021 have occurred again, adding that ETH is now closely following historical trends.
Finally, the analyst highlighted that ETH is currently approaching levels that preceded a 170% rally over seven weeks in 2021.
“Ethereum bottomed against BTC at the same level as last cycle.
It is currently very close to the support and recorded a 7-week green candlestick, rising 170% in just 7 weeks and then entering a gradual distribution phase.
As a result, analysts predict that following this historic bullish pattern, Ethereum could rally for seven consecutive weeks before entering another wave of gradual selling. If the analysts’ predictions come true, the price of Ethereum could rise 170% from current levels to around $8,500.
*This is not investment advice.
