Ethereum
Cryptocurrency Trader Issues Ethereum Warning, Saying ETH Will Underperform Bitcoin In The Short Term – Here’s His Outlook
A prominent cryptocurrency analyst is warning traders, saying that Ethereum (ETH) could underperform against Bitcoin (Bitcoin) short term.
In a new strategy session, pseudonymous crypto trader Kaleo tell his 642,600 followers on social media platform X that he believes Ethereum will be overtaken by the king of crypto within the next week.
However, the strategist says the launch of Ethereum exchange-traded funds (ETFs) on the spot market will eventually lead the leading smart contract platform to overtake the crypto king.
“I’m going to be a contrarian here and say that I think Ethereum will actually move lower a bit next week versus BTC. There was a lot of hype leading up to the spot ETF launch (which I think was justified), but I don’t think it will manifest into outperformance for a few months.”
Source: Kaleo/X
The trader’s chart suggests that ETH/BTC will reach 0.1500 by the end of 2025 or early 2026. According to TradingView, it is currently session at 0.053.
Kaleo continues to note Traders shouldn’t panic if Ethereum doesn’t immediately surge after its ETF launch, as Bitcoin saw weeks of volatility before breaking out.
“Friendly reminder: we didn’t see a surge just immediately after BTC spot ETFs started trading. The price spiked before that, followed by a few weeks of decline afterward before things really started to pick up steam again.
The point is, if we don’t see green candles everywhere next week, immediately after the launch of ETH spot ETFs, it’s not the end of the world.
The merchant concludes his analysis saying that BTC looks set to overtake the stock market.
“BTC: Strong bounce off Bitcoin/SPX ratio support. Seems pretty clear that BTC will continue to outperform stonks from here on out.”
Source: Kaleo/X
At the time of writing, Ethereum is trading at $3,404, while BTC is valued at $63,597.
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