Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?

Highlights

Ethereum price eyes the $2,000 psychological barrier as Bitcoin and the entire market edges higher.
However, as altcoins seem to be tracking Bitcoin, Ethereum might fail to reach the $2,000 mark first before Bitcoin reclaims $100,000.
The recent ETH price rally comes as whales and institutions rapidly accumulate Ethereum, which may support its recovery.

Ethereum price has outperformed Bitcoin in the last 24 hours with a 10% gain compared to BTC’s 5% increase. This performance has raised speculation over whether ETH will revisit $2,000 before BTC breaks past the key resistance level of $100,000, amid a spike in whale and institutional demand.

Ethereum Price Hits 2-Week High as Bitcoin Eyes $100,000

Ethereum price is currently trading at its highest level in two weeks as altcoins track Bitcoin, which recently surged above $90,000 for the first time since early March. At its current price of $93,641, Bitcoin will have to rally by around 7% to reclaim $100,000.

Top analysts forecast that a Bitcoin price rally to $100,000 might just be around the corner. Kyle Chasse notes that if the current uptrend continues with no disruptions, BTC will reach this target price before the end of the week.

Meanwhile, Arthur Hayes recently stated that if Bitcoin extends its rally past $100,000, it will unlock the next altcoin season. In his recent essay, he opined that as Bitcoin’s dominance peaks, it will cause capital rotation from BTC to altcoins.

Therefore, it is clear that a recovery in Bitcoin price will bode well for the largest altcoin, Ethereum, and aid its breakout from the recent bearish trends that have suppressed its performance. However, Bitcoin needs to clear $100,000 first for ETH to reach $2,000.

$2,000 Ethereum Price Within Sight As Whales, Institutions Accumulate

Data from Santiment suggests that whales might be the key driver of the gains in ETH value today to $2,000. In the last 24 hours, large whale addresses holding between 1,000 and 10,000 ETH coins have purchased more than 300,00 tokens, which helped fuel the buying pressure around this altcoin.

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K? — Ethereum Whale Balance

Besides whales, institutions also seem to be stockpiling on Ethereum, with data from SoSoValue showing that on April 22, inflows to spot ETH ETFs reached $38M, which is the highest level since February 4, 2025. This supports a bullish Ethereum price prediction, which may help fuel gains past $2,000.

Ethereum Technical Analysis – How High Will ETH Rally?

A popular crypto market analyst believes that $2,000 might not be the only price target for Ethereum, as the altcoin has formed a giant inverse head and shoulders pattern. Usually, this chart indicates that the trend is on the verge of shifting from bearish to bullish.

According to Gert van Lagen, Ethereum’s four-year inverse head and shoulders pattern is in play on the weekly chart. However, for Ethereum to confirm this pattern, it not only needs to flip resistance at $2,000, but also soar past $3,900. This will set the stage for an over 10x rally to $20,000.

Therefore, as Bitcoin extends gains towards $100,000 and drags altcoins along, it is likely that the Ethereum price might also break a crucial resistance level of $2,000. Moreover, as whales and institutions accumulate, it supports the bullish thesis for the largest altcoin. A bearish reversal will be confirmed if the uptrend halts and ETH drops below $1,600.

Frequently Asked Questions (FAQs)

1. Can Ethereum price reach $2,000 if Bitcoin reaches $100,000?

Ethereum price can reach $2,000 if Bitcoin reaches $100,000. Arthur Hayes notes that as Bitcoin approaches its all-time highs, capital will start rotating to altcoins.

2. Are whales and institutions accumulating ETH?

Data from Santiment shows Ethereum whales accumulated 300,000 ETH in the last 24 hours. Meanwhile, inflows to spot ETH ETFs have surged to the highest level in nearly three months.

3. What is the long-term forecast for the Ethereum price?

Ethereum has formed a giant inverse head and shoulders pattern on its weekly chart. Analyst Gert van Lagen notes that this might precede a rally to $20,000 if ETH overcomes resistance at $3,900.

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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