Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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?

CryptonewslandCryptonewsland2025/10/21 11:06
By:by Nicole D'souza
  • 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. 

0

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

Must-See Crypto Update: Key Tokens Now Available on 3 Major Exchanges

Upbit, Bithumb, and Binance Amplify Market Activity with New Crypto Token Listings

Coineagle2025/10/21 21:18
Must-See Crypto Update: Key Tokens Now Available on 3 Major Exchanges

Bitcoin Updates Today: Arkade Paves the Way for Programmable Currency in Bitcoin’s Next Phase

- Ark Labs launches Arkade, a Bitcoin-native Layer 2 protocol enabling instant transactions and financial tools without altering Bitcoin's consensus rules. - The protocol uses VTXOs to preserve Bitcoin's security while supporting stablecoin issuance and trading, addressing limitations in the base layer's programmability. - With $200B+ stablecoin circulation, Arkade aims to retain Bitcoin's "digital gold" status while unlocking financial innovation through virtual transaction layer virtualization. - Unlike

Bitget-RWA2025/10/21 21:16
Bitcoin Updates Today: Arkade Paves the Way for Programmable Currency in Bitcoin’s Next Phase

Ethereum News Update: SharpLink’s Bold ETH Acquisition Fuels 400% Surge in Shareholder Value

- SharpLink Gaming boosts ETH holdings to 859,853 (≈$3.5B) via $76.5M capital raise, averaging $3,892 per token. - CEO highlights strategic NAV-premium financing to enhance shareholder value, with ETH concentration doubling to 4.0 per 1,000 shares. - 258,710 ETH in staking derivatives and $23M in yield reinforce passive income strategy while maintaining crypto exposure. - 400% stock surge mirrors pivot to crypto treasury model, drawing comparisons to MicroStrategy's Bitcoin strategy. - Market volatility an

Bitget-RWA2025/10/21 21:02
Ethereum News Update: SharpLink’s Bold ETH Acquisition Fuels 400% Surge in Shareholder Value