I have been calling ETH bottomed in 2019 and it hit the bottom very well here as shown:

Results:

Now can Is it possible for Ethereum to surpass Bitcoin?

Yes, definitely. Why?

Because within the next 12 months, Ethereum will experience a Triple Halving.

A Triple Halving you say, what is that?

Strap yourselves in, because this is my most important post of the year.

Ethereum is currently clocking in at $1,850. The upcoming Triple Halving will lead to a severe illiquidity squeeze that sets the path to a price explosion to $10,000+

I also highly think the peak is by end of September 2021

The reasoning in the following 3 steps:

1. The Triple Halving

You all know about the Bitcoin Halving (Halving in the issuance of new supply), which has led to 100x 4 year bull cycles from bottom to top for Bitcoin every single time so far.

"It is all due to Halving" McAfee.

R.I.P

Now, Ethereum will undergo a Triple Halving, which is 50% * 50% * 50% = 12.5%, a 87.5% reduction in issuance equivalent to 3 consecutive Bitcoin halving events.

On August 4th, EIP-1559 will be passed, which will continually burn 70% of the transaction fees in Ethereum.

If EIP-1559 were already live this year, it would have already burned 9 million ETH out of circulation, this is currently 7.76% of the circulating supply.

With the current annual inflation for Ethereum of 4.5%, this would already make it deflationary, but it won’t be this high after August, because fees were so high in the first half of the year due to low scalability on Ethereum. With more scalability coming with Optimism, the burning will also be less.