Ether’s price may see an imminent breakout against Bitcoin based on Ether’s correlation with the four-year Bitcoin halving cycle.
Ether could surpass its previous all-time high during the first quarter of 2025, according to market analysts.
Ether (ETH) has been unable to remain above the key $4,000 psychological threshold despite Bitcoin (BTC) breaching the record $100,000 high on Dec. 6 for the first time in crypto history.
However, Ether may soon start catching up to Bitcoin’s gains following last week’s crypto market deleveraging, which is “indicative of a reset in leveraged long exposure,” according to a market report published by Bybit and Block Scholes.
