Those that are busy celebrating a brand new Ethereum (ETH) all-time excessive is likely to be on the very prime of the rollercoaster.
Market analyst Vetle Lunde of K33 Analysis has shared an insightful and revealing chart, which overlays Bitcoin’s post-2017 value historical past on the logarithmic scale towards Ethereum (ETH).
BTCUSD overlaid with every single day ETHUSD hit a brand new ATH. pic.twitter.com/mKnC30bELV
— Vetle Lunde (@VetleLunde) August 25, 2025
The chart reveals that Ethereum’s all-time highs usually are likely to mark cycle tops.
The worth of Bitcoin tends to prime earlier, and by the point the flagship altcoin reaches a brand new peak, bull markets are typically already exhausted.
This, as an example, was the case in early 2018 and 2021 (after each Bitcoin peaks).
What pundits are saying
That mentioned, some market analysts stay optimistic. For example, permabull Tom Lee, who has now emerged as Ethereum’s Michael Saylor after turning mining firm Bitmine into the biggest company ETH holder, believes that the cycle remains to be in its early innings.
Nevertheless, judging by Lee’s monitor document of excessively optimistic predictions, this market name ought to actually be taken with a grain of salt.
In the meantime, commodity dealer Peter Brandt just lately opined that there’s a 30% likelihood that Bitcoin has already topped through the present cycle, and he later steered that such a chance might truly be increased.
Polymarket odds
Bitcoin is at present altering arms above the $112,000 stage. In the meantime, ETH is buying and selling slightly below $4,700 after just lately coming
In accordance with Polymarket bettors, there’s a 17% likelihood of Bitcoin plunging all the best way to $70,000 by the top of the 12 months. There’s a 9% likelihood of Bitcoin hitting $200,000 by Jan 1, 2026.
Notably, ETH is extra prone to hit $17,000 than $1,500 by the top of the 12 months (6% and 5%, respectively).
