- Analyst calls current cycle “uncharacteristic” with long correction phases
- Ethereum could hit $6,500–$10,000 before October, short-term outperformer
- Bitcoin still preferred long-term, with year-end target of $135K–$160K
The global crypto market has fallen by 2.63% in the past 24 hours, with the total market cap now at $3.95 trillion. Bitcoin dropped 2.81% to around $118,500, while Ethereum slipped 0.69% to $4,278. Other altcoins also saw declines, with XRP down 4.46%, BNB losing 1.94%, and Solana falling 5.94%.
Analyst Erik Crown has warned that the current crypto cycle is unlike anything we’ve seen before. In past bull markets, like 2017 and 2021, prices tended to shoot up quickly after breaking all-time highs, ending in a dramatic “blow-off top.”
However, this cycle has been marked by three unusually long correction periods, each lasting about six months. Bitcoin has traded in tight ranges for five to seven months at a time, something Crown says is “completely uncharacteristic.”
BTC & ETH Price Predictions
While Bitcoin may be slowing down, Crown predicts that Ethereum could outperform in the short term and the next few months will be strong for Ethereum. ETH could reach between $6,500 on the low side and $9,000 to $10,000 on the high side before October.
Crown added that if the US announces plans to acquire Bitcoin for strategic reserves, it could spark another rally in 2026. He sees a possible high in October, followed by a 4–6 month cooling period, before the next big move.
There is a potential for another 50% gain in its value relative to Bitcoin and this could make Ethereum a better short-term trade. The analyst said that holding more Ethereum right now could be a better choice.
What’s fueling this? The institutional money flowing into Ethereum is a big part of the story. Here’s our deep dive on the latest ETP inflows into Ethereum.
Long-Term Investors Still Favored Toward Bitcoin
For those looking out to 2030 and beyond, Crown says Bitcoin remains essential in any portfolio. Over the past five years, BTC’s performance has been unmatched by other major assets, including gold, the Nasdaq 100, and the S&P 500. For Bitcoin, he predicts an end-of-year price between $135,000 and $150,000–$160,000.
“If you do not have Bitcoin in your portfolio, I do not know what you are doing,” he added.
How does the market feel? Crown is bullish, and so is the market. Here is our report on the Fear & Greed Index hitting “Greed” territory.
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