Ethereum Price Prediction: $7K Target in Sight if Altcoin Season Kicks In

Ethereum has surged to $4,300, its strongest rally against Bitcoin since 2021, sparking fresh debate over whether the next move is a blow-off top or a brief cooldown before liftoff. 

Looking at the present market scenario, VirtualBacon says ETH is in its strongest uptrend against Bitcoin since 2021, with institutional inflows, ETF momentum, and ETH-linked altcoins all lining up for potential upside. But the path forward depends on which of two scenarios plays out.

Scenario 1 – The Parabolic Charge

If Bitcoin rallies toward $150K and ETH/BTC climbs to 0.044, ETH could smash past its $4,850 all-time high and hit $6,000–$7,000 this year. Institutional flows are tilting heavily in ETH’s favor, with ETFs now holding $33B worth of the asset, up from $24B in July. A decisive break above $4,850 could see prices accelerate quickly, especially with BTC dominance dipping for the first time since 2021, hinting at the start of altseason.