Ethereum
Bitcoin vs Ethereum: Why This Analyst Thinks BTC Will Outperform ETH
Crypto Analyst Crypto Kaleo explained why he believes Bitcoin will continue to outperform Ethereum in the near term. He made this claim based on his belief that the Ethereum ETFs under the microscope will not instantly have the impact on the price of ETH that many expect.
Bitcoin will continue to outperform Ethereum for now
Crypto Kaleo indicated in an X (formerly Twitter) job that he does not believe that the hype surrounding the launch of Ethereum Spot ETFs next week will lead to Ethereum Outperforms Bitcoin. Instead, he predicts that ETH will fall against its Bitcoin pair next week. He noted that the hype surrounding the launch of Ethereum Spot ETFs is justified, but suggested that they won’t allow Ethereum to outperform Bitcoin “for a few months.”
Cryptocurrency analysts like Michael van de Poppe had previously predicted that these Spot Ethereum ETFs would drive massive moves for Ethereum while also suggesting that these funds could revive altcoin season as Ethereum and other altcoins outperform Bitcoin. Crypto analyst Linda also predicted that these Ethereum ETFs will push the price of ETH to $4,000 pretty quickly.
However, Crypto Kaleo suggested that the market should not be too optimistic about an immediate price surge as these Spot Ethereum ETFs launching next weekThe crypto analyst raised the possibility that this launch will follow the same scenario and be another news sales eventHe suggested that this would likely be the case, saying that such events often play out this way.
Crypto Kaleo believes that there is no need to worry if the launch of the Ethereum Spot ETFs turns out to be another news-selling event. He noted that such a development would be an “absolute gift” for those who are truly bullish on this market cycle. He added that the market is still heading “much higher” from here and that market participants might just need a little more patience before “the fun really begins.”
No Doubt About Ethereum’s Bullish Outlook
Based on predictions made by several crypto analysts like Tyler DurdenThere is no doubt about Ethereum’s bullish outlook. The crypto token is expected to surge much higher as we approach the latter parts of the bull run. Durden suggested that Ethereum’s rise to $10,000 is inevitable and attributed this parabolic price rise to Ethereum Spot ETFs.
Crypto analyst Altcoin Daily also previously stated Ethereum’s rise to $10,000 is “programmed” and pointed to Ethereum Spot ETFs as one of the reasons why the second-largest cryptocurrency by market cap would enjoy such price gains. Ethereum Spot ETFs are expected to bring new funds into the Ethereum ecosystem, which will help boost the price of ETH.
Matt Hougan, Bitwise’s Chief Investment Officer (CIO) recently predicted that these funds could attract up to $15 billion in their first month of trading. Meanwhile, research firm K33 predicted that these funds could attract up to $4.8 billion in their first five months of trading.
Featured image created with Dall.E, chart by Tradingview.com