Ethereum to Outperform Bitcoin in ‘Face Melting Rally’ in Q1: Analysts
The post Ethereum to Outperform Bitcoin in ‘Face Melting Rally’ in Q1: Analysts appeared on BitcoinEthereumNews.com.
Ethereum’s performance in 2024 has been lackluster, with the asset gaining just 47% and failing to notch a new peak price or spend much time trading above $4,000. Meanwhile, Bitcoin surged more than 120% to a new six-figure all-time high in mid-December. However, analysts believe that Ethereum will outperform Bitcoin, which has been consolidating for the past fortnight, in the first quarter of the new year. “ETH generally sees a good amount of action in Q1. Even during the past few years during the downtrend against BTC,” observed analyst “Daan Crypto Trades” on X on Jan. 2. ETH/BTC Ratio Needs to Improve During the previous bull market, 2020 and 2021 saw large moves for the ETH/BTC ratio, which also kick-started an altseason, he said before adding: “~0.04 remains an important level to break for ETH.” The ETH/BTC ratio, or Ethereum’s value in terms of Bitcoin, is currently 0.035, according to Tradingview. $ETH Generally sees a good amount of action in Q1. Even during the past few years during the downtrend against $BTC. During the previous bull cycle, 2020 and 2021 saw large moves for the ETH/BTC ratio which also kick-started an alt season. ~0.04 remains an important level to… pic.twitter.com/rEjnriL88i — Daan Crypto Trades (@DaanCrypto) January 1, 2025 Meanwhile, Ethereum community advisor Anthony Sassano predicted that ETH would reach $15,000 in 2025. Much of this momentum would come from Ether ETF inflows, which would hit $50 billion this year, as staked ETH products are filed for and approved, he added. He also predicted that more major TradFi companies and institutions would start to build on Ethereum, BlackRock will launch a layer-2 tokenized real-world asset platform on the blockchain, and multiple nation states will reveal that they hold ETH as a treasury asset. “Ethereum will turn 10 years old in 2025, and…
Filed under: News - @ January 2, 2025 8:18 am