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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions
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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions

Can Ethereum Really Hit $20,000 This Cycle? Analyst Maps The Path

Jake Simmons
Jake Simmons
1 month ago
3 mins read
Ethereum price news

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Crypto analyst Astronomer (@astronomer_zero) says his long-standing bottom thesis on the ETH/BTC pair has played out and published explicit cycle targets anchored to the cross. In a chart shared on X, he reiterated that “ETH bottom call” is in and framed the roadmap entirely through ETH/BTC levels rather than ETH/USD, arguing that Ether’s outperformance typically follows Bitcoin’s impulse and that “all major liquidity comes from BTC.”

How High Can Ethereum Go This Cycle?

Astronomer’s post centers on a multi-month “zone” on ETH/BTC that he had marked in advance as a potential cyclical inflection. He writes that the call looked “delusional” when first drawn—“a ‘ridiculously long’ prediction line (straight up from the bottom) from what ‘could impossibly be the ETHBTC bottom’ at the time”—but says the turn aligns with his proprietary sentiment work.

“The sentiment on ETH was the worst my sentiment metric has ever tracked,” with narratives ranging from “ETH is a bad investment,” to “ETH foundation is selling,” to “SOL is the new ETH,” to “utility coins are dead.” In his words, “that type of sentiment allowed us to confirm the bottom on ETHBTC in alignment with our ancient plan, at the time it hit our zone.”

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With that backdrop, the chart and commentary lay out three ETH/BTC targets for the remainder of the cycle. The first is 0.058 BTC per ETH, which he notes was “still 35% above here” at the time of posting and, translated directly using spot Bitcoin, “puts ETH at approx. $6.500 if BTC stays at this price.”

The second is 0.091, “pretty much a double from here,” corresponding to “$ETH to $10,000+, 5 figures,” a level where he says he “will have sold over half of my spot bags.”

The final and highest target is 0.16, “just under a 4x from here, putting ETH at $20,000 or higher.” He is explicit that the 0.16 mark is aspirational rather than base case: “That is certainly my highest target, and I do not expect that to be reached guaranteed. But I love it open just in case it does happen.”

ETHBTC analysis
ETHBTC analysis | Source: X @astronomer_zero

The technical logic he presents is deliberately pair-driven. By mapping the cycle with ETH/BTC, he seeks to capture relative strength rather than absolute price and to sidestep the moving base of BTC’s dollar value. The implied ETH/USD levels in his post are simple translations of ratio × BTC price; he adds that those USD conversions “will, in fact, be underestimates as I also see BTC rise further.” In other words, the chart’s horizontal levels are ETH/BTC at 0.058, 0.091, and 0.16; the USD numbers are contingent and will float with Bitcoin.

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The analyst also rejects calendar heuristics outright. “The reason I never talk about seasonality or ‘red September’ or ‘sell in May, walk away’… is because I don’t want to promote putting your hard earned capital on weak data… Seasonality, has neither.” He adds that “Seasons don’t work in markets, only cycles do,” and signs off with a jab at the meme: “For red September, kindly, visit your local forest…”

Importantly, the pathway he describes is conditional on the same relative-rotation dynamic that has governed past cycles: Bitcoin leads, Ether lags until liquidity rotates, then ETH/BTC advances through predefined shelves. In that framework, the analysis does not depend on any single ETH/USD number; it depends on ETH/BTC reclaiming and holding the cited bands.

Astronomer is candid about positioning psychology as well. He argues that while “it seems as if many are all bull posting ETH now and holding big bags,” order-flow suggests “most of those people haven’t bought from down low, are rather frozen out or are forced to buy higher with higher leverage.” In his view, that structure still favors upside toward the posted ETH/BTC targets: “So as long as that stays that way, I continue to expect these targets.”

At press time, ETH traded at $4,621.

Ethereum price
ETH hovers below key resistance, 1-week chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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