Analyst ‘Wouldn’t Be Surprised’ If Ethereum Outperforms Bitcoin In January
According to a crypto analyst, Ether is showing signs of breaking away from Bitcoin in January 2025.
TradingView shows the relative strength of Ether (ETH) to Bitcoin (BTC) — the ETH/BTC ratio — currently at 0.0356. “It wouldn't surprise me if $ETH / $BTC breaks to 0.04 in January,” said MN Capital founder Michael Van de Pop in a December 24 X post.
ETH's strength could end Ethereum's ‘altcoin run'
The last time the ETH/BTC ratio touched 0.04 was on December 8, when ETH traded at just $4,018 from the psychological price level of $4,000.
Van de Pop predicts that in January 2025, there will be more inflows into Ether, which could see Bitcoin's outflows, which will strengthen its price. This is expected to launch an altcoin run “in the Ethereum ecosystem”.
The ETH/BTC ratio has increased by 3.26% in the last 30 days. Source: TradingView
Shiba Inu (SHIB) and Mantle (MNT), the second and third-largest tokens in the Ethereum ecosystem from stablecoins, respectively, increased by 7.10% and 3.32% in the last 24 hours.
Bitcoin continues to trade below $100,000 at $98,805, according to CoinMarketCap data. It first reached a six-figure price on December 5.
Analysts look at the performance of the Ether ETF.
Some analysts They say that by 2025, spot ether exchange-traded funds (ETF) will outnumber Bitcoin ETFs.
“Net inflows into ETH ETFs” are currently at a gold rush, ETFStore President Nate Geraci said in a December 20 post. [ETFs]But I expect the flow rate to increase from this rate.
Related: Why Ethereum Maxis Says ETH Will Be the ‘Comeback Boy' of 2025
In a similar comment posted on X, anonymous crypto trader Brent said: “ETH is the most unowned asset in the world. Study what happens to a ball that is forced into water.
It comes shortly after an Ether analyst said Bitcoin's underperformance is coming to an end.
IntoCryptoverse founder Benjamin Cowen wrote for X on December 4 that “ETH/BTC's crash is over (or almost over) and should continue to rise in the next 6-12 months.”
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This article is not intended for general information purposes and should not be construed as legal or investment advice. The views, ideas and opinions expressed herein are solely those of the author and do not necessarily represent the views and opinions of Cointelegraph.
