Is Ethereum poised to steal Bitcoin’s thunder? All eyes are on the ETH/BTC ratio, a critical gauge of Ethereum’s momentum against the crypto king. This chart just flashed a bullish signal, surging past its 50-week moving average – a feat not seen since 2023. Could this be the start of a new era, where Ethereum takes the lead? The smart money is watching closely, betting on a potential trend reversal that could reshape the crypto landscape.
Is an altcoin spring awakening, led by Ethereum, on the horizon? Analysts whisper of Ethereum potentially soaring to $7,500 this cycle, with Bitcoin blazing a trail to a breathtaking $220,000-$250,000.
Source: X
Trading Ethereum? Scott Melker Thinks It Could Outshine Bitcoin – Briefly.
While Bitcoin remains king for long-term crypto investors, analyst Scott Melker suggests Ethereum might be poised for a short-term surge. “Ethereum looks ready to outperform, but strictly as a trade,” Melker cautions. For those seeking a multi-decade investment? “Bitcoin’s still the undisputed champion,” he asserts. This isn’t about dethroning Bitcoin, but capitalizing on Ethereum’s potential upward swing. Think tactical, not generational.
Related: ETH and XRP Surpass $BTC in 24h Volume on Binance: Is Altseason 2025 at Hand?
Ethereum’s been catching heat lately, labeled everything from a “dead chain” to “Solana’s lunch money.” The Ethereum Foundation’s even under the microscope. But crypto analyst Melker? He’s seeing red as in, “buy the dip.” He believes this wave of doubt is paving the way for savvy investors to score big.
What’s next for Ethereum?
Ethereum’s blazing rally might be taking a breather. After scorching gains, the price action hints at a potential peak. While comfortably perched above the $3,630 safety net, Ethereum could be gearing up for a cool-down period or even a full-blown price correction. Is this a temporary pause or the start of a downward trend? Only time will tell.
Source: TradingView
Ethereum’s clinging to $3,630 like a lifeline. Stay above, and a surge is still in play. Plunge below, and brace for impact. A fall past that critical threshold signals a potential nosedive, targeting a support zone spanning $3,591 to $3,476. While a freefall to $3,476 isn’t guaranteed, breaching $3,630 drastically elevates the odds of a painful correction.
Related: Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows
However, should the price maintain its position above $3,630 and shatter the $3,855 barrier, expect a surge of bullish momentum to flood the market.
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