Ethereum Mirrors Gold Price Breakout Pattern, Can ETH Hit 5-Digit Prices Soon?

Ethereum mirrors gold price breakout pattern

Bitmine Immersion secures $251 million worth of ETH to its increasing holdings.

Can the pioneer altcoin asset hit 5-digit prices soon?

Expectations for altcoins to surge has grown slightly weaker since the $20 liquidation event and since sentiments fro new ATH prices have gone down. At the moment, analyst are trying to find any pattern pointing to a bullish upturn for crypto prices over the growing bearish expectations. At the moment, Ethereum mirrors gold’s price breakout pattern, can ETH hit 5-digit prices soon?

Ethereum Mirrors Gold’s Price Breakout Pattern

Ever since the largest single-day liquidation in history, the crypto market has taken a bearish turn. In a time where $20 billion liquidation wiped out all leverages and long trades, including $3 billion is short positions, its hard to keep bullish sentiments high. However, a reset to the market was a sure sign of bullish days ahead. Instead, bearish sentiments have taken over for the moment, but new signals indicate a reversal may be in order

To highlight, new talks of the end of the 4-year bull cycle, and of more rate cuts being announced for the coming months, have altogether increased bullish price sentiments for the greater crypto market. At the moment, analysts are not only expecting higher ATH prices for the pioneer crypto asset Bitcoin (BTC) alone, but also for altcoins to see new ATH in a long-awaited altseason pump, starting with pioneer altcoin asset, Ethereum (ETH)

ETHEREUM IS MIRRORING GOLD’S BREAKOUT.Gold led the way. Ethereum follows.Same pattern. Same setup.You’ve seen this before.You know how it ends.This is how 5-digit $ETH begins. pic.twitter.com/lNYEVGcisW

— Merlijn The Trader (@MerlijnTrader) October 20, 2025

As we can see from the post above, another bullish signs for crypto prices is the unstoppable pump that the price of gold seems to be experiencing. At the moment, the price of gold has been hitting consecutive ATH prices, and historically, these funds will eventually shift into the crypto market, meaning crypto prices could follow the same pump pattern has gold has setup so far. Thus, according to the post above, ETH is next

At the moment, this analyst sees that ETH may be printing the same bullish pump pattern that gold has been setting up over the past few years. If ETH is truly printing the same pattern, then momumental and parabolic pumps lie in store for the price of ETH over the coming weeks and months ahead. In detail, this analyst believes that 5-digit prices would be highly likely for ETH this time

Can ETH Hit 5-Digit Prices Soon?

NEW: Tom Lee’s BitMine bought another 63,539 $ETH worth $251M, bringing its total holdings to $13.07B worth of $ETH. pic.twitter.com/rwxCNqphIq

— Cointelegraph (@Cointelegraph) October 21, 2025

Another bullish factor is the fact that Bitmine Immersion, under the leadership of Tom Lee, has been aggressively accumulaitng ETH, showing strong institutional adoption of the pioneer altcoin asset. As we can see front he post above, the entity just bought 63,539 ETH worth $251 million, bringing its total ETH holdings to $13,07 billion worth of ETH. This brings the entity closer to its goal of holding 5% of the total ETH supply

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