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Bitcoinâs share of the crypto market is falling while Ethereum has surged past $4,300, leading many experts to predict it could overtake BTC in value within a year. Strong chart patterns and rising corporate interest add weight to the idea of a possible âflippening,â where Ethereum becomes the top cryptocurrency.
Ethereumâs rapid growth comes as Bitcoinâs market dominance breaks from a trend that started in late 2022. Analyst Lark Davis notes that the last similar drop sent ETH to its all-time high of $4,900, and with the price already above $4,000, analysts now expect an even larger rally ahead.
Analysts see Ethereumâs price rising sharply in the coming months
Traders, institutional investors, and analysts are convinced this could be the start of a larger, more sustained rally after Ethereumâs price rose by around 24% to trade above $4,330.
Most of this optimism stems from Ethereumâs recent breakout from a long-standing Wyckoff Accumulation pattern. This extended phase sets the stage for an upward trend after the market absorbs selling pressure from sellers and weak hands before the balance of power shifts decisively toward buyers.
Analyst Lord Hawkins said the move above the $4,200 resistance zone shows buyers are dominating the market, and marks what Wyckoff theory describes as a âSign of Strength. He explains that the price may experience a modest pullback (the âLast Point of Supportâ) and lead to an acceleration in price gains when demand outpaces supply (the âmarkupâ phase).
Hawkins estimates that this markup phase could propel Ethereum toward a technical target of roughly $6,000 and bring fresh momentum into the broader market.
Popular analysts Crypto Rover and Titan of Crypto pointed to Ethereumâs breakout from a multi-year symmetrical triangle pattern and explained that the triangle size shows a potential target of $8,000.