Crypto Analyst Sets Ethereum Targets of $6,500, $10,000, and $20,000
Crypto analyst Astronomer (@astronomer_zero) asserts that his bottom thesis on the ETH/BTC pair has materialized. He emphasizes measuring Ether's performance against Bitcoin, stating that major liquidity derives from BTC.
ETH/BTC Cycle Targets
Astronomer's analysis identifies a multi-month zone on ETH/BTC as a potential cyclical inflection point, which he previously marked as an area for reversal. His sentiment metrics indicated extreme negativity towards ETH, confirming the bottom at this level.
Key targets for the ETH/BTC pair are:
- 0.058 BTC per ETH - suggests a price of approximately $6,500 if BTC remains stable.
- 0.091 BTC per ETH - implies ETH could reach over $10,000.
- 0.16 BTC per ETH - positions ETH at $20,000 or higher, regarded as an aspirational target.
The analysis focuses on capturing relative strength through ETH/BTC rather than absolute prices, with implied ETH/USD levels dependent on Bitcoin's price movements. Astronomer discredits seasonal trading strategies, highlighting that market dynamics follow cycles instead.
He notes that current positioning psychology may favor upward movement toward the established ETH/BTC targets, despite some investors being forced into higher purchases. At press time, ETH is priced at $4,621.