Ethereum Could Soar to $13,000 This Cycle If History Repeats, Analysts Predict

Ethereum (ETH) could be on track for a powerful rally, with analysts suggesting the cryptocurrency may triple in value to reach as high as $13,000 if historical trends from the last bull cycle repeat.

The projection is based on Ethereum’s long-term moving averages and market structure, which show striking similarities to the 2021 bull market that propelled ETH to record highs.

Ethereum’s Technical Setup Mirrors 2021 Rally

According to Michael Nadeau, founder of The DeFi Report, Ethereum is currently trading 92% above its 200-week moving average (WMA) — a key long-term support level that often signals bullish continuation. The 200-week WMA currently sits around $2,400.

In the 2021 bull market, Ethereum climbed to just above $4,870 on November 10, representing a 492% gain above its long-term average. If ETH were to follow a similar trajectory this cycle, analysts believe it could easily reach between $8,500 and $13,000.

Key Price Scenarios Based on Moving Averages

Nadeau outlined several potential scenarios:

• 200% above 200-week MA → ETH could reach $7,300
• 250% above 200-week MA (base case) → ETH may hit $8,500
• 400% above 200-week MA → ETH could exceed $12,000

The “base case” aligns with realized prices reaching around $3,000, suggesting an $8,700 top under current conditions.

Market Cap Comparison Supports $8,600 Target

Another factor supporting the bullish thesis is Ethereum’s potential market share relative to Bitcoin. Currently, ETH represents about 23.4% of Bitcoin’s market cap.

If Ethereum climbs to 35% of Bitcoin’s value — and Bitcoin reaches $150,000 this cycle — analysts estimate Ethereum’s price could rise to approximately $8,600.

Analysts Note Similar Structure and Sentiment to 2021

A well-known crypto trader highlighted on X (formerly Twitter) that Ethereum is showing the same market structure and momentum as in 2021.

He explained, “In 2021, reclaiming the previous all-time highs triggered a +250% explosion. Now, ETH is testing that same level again — same structure, same energy. The only difference? This time, ETFs and institutions are in the mix.”

This growing institutional presence could act as a catalyst for the next leg up.

Institutional Interest and ETF Momentum

Earlier this week, Grayscale launched the first Ether staking ETF in the United States, marking a significant milestone for Ethereum’s institutional adoption.

ETHEREUM IS REPEATING 2021.

Back then, reclaiming the previous ATH triggered a +250% explosion.

Now, $ETH is testing the same level again.
Same structure. Same energy.

Only difference this time? ETFs and institutions are in the mix. pic.twitter.com/Tp9A4ipZgY

— Merlijn The Trader (@MerlijnTrader) October 8, 2025

Meanwhile, digital asset treasuries have accumulated 4.7% of Ethereum’s total supply in recent months, highlighting sustained investor confidence and long-term accumulation.

ETH Price Outlook: Consolidation Before Breakout

Currently, Ethereum is trading between $4,400 and $4,500, continuing a sideways consolidation pattern that began in early August. Despite the recent dip from its intraday high, analysts believe the asset is coiling for a breakout as technical and fundamental indicators align.

With bullish sentiment growing, institutional inflows rising, and historical cycles repeating, many believe Ethereum could soon enter a new price discovery phase — potentially setting new all-time highs before the end of the current bull run.

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