While Ethereum (ETH) price is going through a major downtrend, investors are heavily marking on its future potential with some prediction revealing that it could mirror Bitcoin’s 2021 pump and hit as high as $25k soon.
A popular cryptocurrency trader, Merlijn The Trader has sparked excitement in the crypto community with a bold prediction that Ethereum (ETH) price could be on the verge of a massive bull run with it potentially reaching $25,000 in 2026.
In his latest post, Merlijn shared a detailed chart analysis comparing Bitcoin’s 2021 price action to Ethereum’s current market behavior. He emphasizes that history might be repeating itself with Ethereum this time with it taking center stage just as Bitcoin.
Merlijn’s chart shows Bitcoin’s 2021 bull run comparison to Ethereum’s 2025 price trajectory with both the assets marking key phases: a period of accumulation, a shakeout, and an explosive reversal.
For Bitcoin, the “Pandemic” label notes the 2020 market crash that halted its momentum when it was trading near the $10,000 mark. For Ethereum, a “Bybit Hack” annotation points to a major February 2025 security breach where the crypto exchange Bybit lost $1.5 billion in ETH from a compromised cold wallet.
As per this analysis, Ethereum is currently in a similar accumulation phase as Bitcoin was in 2021. Its recent shakeout caused by the Bybit hack is mirroring Bitcoin’s pandemic-driven dip.
If this prediction has any credibility, Ethereum could see a meteoric rise in the timeframe of the next two years. While Bitcoin’s 2021 bull run saw its price surge from around $10,000 to nearly $69,000 – a 6x increase, the similar scenario could push ETH to $25,000 or higher from the current price range of $1,800 – as per latest market data.
Also read: Whale Acquires $65M of ETH in Past 10 Days Amid Price Drop
