Ethereum (ETH) Could Reach $11,340 If Bitcoin Rallies Past $378K

Ethereum (ETH) traded at $2,511.11 on May 21, 2025, recording a modest 0.4% daily gain and 3.4% weekly growth.

The price of Ethereum (ETH) has shown resilience, rising by 0.4% over the past 24 hours to reach $2,511.11. This follows a 3.4% weekly increase.

Despite Bitcoin’s (BTC) surge to a new all-time high above $110,000, affecting major cryptocurrencies like ADA and LINK, Ethereum’s momentum has lagged compared to previous bull cycles.

However, ETH’s price has increased by 59.3% over the past 30 days, attributing to macro tailwinds like Bitcoin ETF inflows and increased interest from institutions in Layer-1 blockchains.

The cryptocurrency’s price traded within a range of $2,473.89 and $2,600.00, lagging behind Bitcoin’s 7.5% gain over the same period.

The total market capitalization of Ethereum remains in second place at $307 billion, while its BTC pair is at 0.02312, showing a 1.7% rise, indicating a slight recovery in ETH/BTC momentum.

As Bitcoin’s price continues to rise, there has been an increase in trading activity in the Ethereum futures market. According to data from CME Group, the world’s leading derivatives exchange, traders are positioning for more volatility in the second-largest cryptocurrency.

After the approval of the first Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), there has been a massive inflow of funds into these products, collecting a total of $6 billion over the past month.

This institutional interest has been a significant factor in Bitcoin’s recent price surge, as it has pushed the cryptocurrency to new all-time highs.

According to blockchain analytics firm Arkham, the founders of Bitcoin and Ethereum are among the ten wealthiest individuals in the world.

As of Monday, May 21, Elon Musk’s net worth is said to be $416 billion, while Satoshi Nakamoto’s bitcoin holdings are valued at $119.7 billion.

According to an Ars Technica report, Musk’s wealth has increased due to the performance of his companies, including Tesla, SpaceX, the AI firm xAI, and the social media platform X, formerly known as Twitter.

According to the report, if we consider the original price of bitcoin at $1,000 in 2013 and the current price of $109,570, we can calculate that Satoshi’s bitcoin holdings, estimated at 1.1 million, would amount to approximately $119.7 billion.

However, to surpass Elon Musk’s net worth, bitcoin price would need to rise further.

At a price of $378,000, Satoshi’s bitcoin holdings would equal Musk’s estimated net worth of $416 billion.

If bitcoin reaches this price level, it would also have significant implications for the price of ether.

At the current ratio of 0.02312 between ether and bitcoin, if bitcoin rises to $378,000, then ether’s price would be about $8,742 from its last trade.

But if we consider the average ratio of 0.03 during the previous bull phases in 2021 and 2022, then the price of ether could reach $11,340, which is almost 350% higher than the last price.

This scenario could unfold if Texas implements its proposal for a state-led crypto strategic reserve, which includes bitcoin and other cryptocurrencies.

The measure, approved by the Texas House of Representatives last week, is now pending approval by the state senate.

The proposal aims to create a new class of assets in the state’s treasury, expanding the existing portfolio of U.S. treasury bonds, federal agency securities, and municipal securities to include cryptocurrencies.

The legislation directs the state comptroller to determine the types and amounts of cryptocurrencies to be included in the strategic reserve, taking into account factors such as market liquidity, volatility, and potential return on investment.

The goal is to ensure the long-term stability and profitability of the state’s investments while also promoting innovation in the cryptocurrency sector.

Moreover, the massive inflows into U.S. bitcoin ETFs, amounting to over $6 billion in net inflows over the past 30 days, highlight the strong interest from institutional investors.

As the first bitcoin ETFs were approved by the SEC earlier this year, several institutions have begun investing in these products, contributing to the cryptocurrency’s recent price rally.

In the same period, the price of bitcoin rose by 125%, while the price of ether increased by 59%.

This puts the emphasis on investing in bitcoin, especially since most of the price