Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Ethereum Mirrors Gold Price Breakout Pattern, Can ETH Hit 5-Digit Prices Soon?

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

Cryptonewsland2025/10/21 11:06
By: by Nicole D'souza
BTC-0.20%ETH-0.24%
  • 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. 

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

EDEN Experiences a 173.91% Daily Jump Despite Ongoing Downtrend

- EDEN surged 173.91% in 24 hours to $5.84 on Oct 22, 2025, but remains down 685.81% in seven days. - Analysts attribute the spike to speculative trading, not fundamentals, with no sustained momentum following the rally. - Technical indicators show overextended positions, suggesting short-term consolidation and potential support level retests.

Bitget-RWA2025/10/22 04:56

Trending news

More
1
EDEN Experiences a 173.91% Daily Jump Despite Ongoing Downtrend
2
Stable hints at establishing a foundation and will make a major announcement tomorrow

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,012.97
+0.16%
Ethereum
Ethereum
ETH
$3,849.56
-0.61%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$1,067.55
-0.01%
XRP
XRP
XRP
$2.4
-1.28%
Solana
Solana
SOL
$184.33
+0.23%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.3225
+1.28%
Dogecoin
Dogecoin
DOGE
$0.1914
-1.26%
Cardano
Cardano
ADA
$0.6362
-0.85%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter