Ethereum’s recent surge to a new all-time high has generated excitement in the crypto market, but some experts are cautioning that this may be an early indication of a market top. 📈
Market analyst Vetle Lunde highlighted this possibility in a chart comparing Bitcoin’s price history on a logarithmic scale with Ethereum’s recent peaks. Lunde’s data shows a strong correlation between ETH’s all-time highs and subsequent market cycles reaching their peak.
**What are experts saying?**
While some analysts remain optimistic about the continued growth of Ethereum, others remain skeptical. Tom Lee, known for his bullish Ethereum outlook and recent shift in focus to crypto holdings after taking over mining company Bitmine, suggests the current bull cycle is still in its early stages.
However, Peter Brandt’s analysis offers a contrasting perspective: He believes there’s a 30% chance Bitcoin has already peaked during this cycle. His views on this probability potentially increasing further.
**Pundit Opinions & Market Odds:**
Bitcoin currently trades above $112,000, while Ethereum is close to $4,700. Polymarket odds suggest a 17% chance of Bitcoin dropping to $70,000 by year-end and a 9% chance hitting $200,000 before January 1, 2026.
Ethereum’s odds are more favorable, with a 6% chance of reaching $17,000 by the end of the year, compared to a 5% probability for $1,500.
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