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COINTURK NEWS > Ethereum (ETH) > Ethereum’s Potential Surge Against Bitcoin Captivates Crypto Enthusiasts
Ethereum (ETH)

Ethereum’s Potential Surge Against Bitcoin Captivates Crypto Enthusiasts

In Brief

  • The analyst predicts Ethereum will outperform Bitcoin significantly.

  • Technical analyses indicate a potential 378% rise for Ethereum.

  • Ethereum's market capitalization may exceed Bitcoin's in the future.

Fatih Uçar
Fatih Uçar 4 months ago
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A well-known cryptocurrency analyst and trader predicts that Ethereum (ETH) $2,589 will gain value against Bitcoin (BTC) $102,908. While he has held a bearish outlook on the ETH/BTC pair for the past two years, he now indicates a shift towards a bullish market trend.

Contents
Based on Technical AnalysisMarket Capitalizations of Ethereum and BitcoinThe Future of Market Capitalization

Based on Technical Analysis

The analyst, known as Credible Crypto, stated to his 459,100 followers that Ethereum could experience a significant increase based on technical analyses. He suggested that Ethereum might reach a new all-time high with at least a 378% rise from its current level.

Market Capitalizations of Ethereum and Bitcoin

The analyst pointed out that Ethereum is currently trading at 0.03164 BTC, which represents a nearly 79% drop from its all-time high of approximately 0.1515 BTC reached in June 2017. While Bitcoin’s market capitalization stands at around $2.03 trillion, Ethereum is valued at approximately $390 billion.

The Future of Market Capitalization

There is also an expectation that Ethereum’s market capitalization could surpass Bitcoin’s. In 2017, Ethereum’s market value reached $37 billion, closely trailing Bitcoin at $43 billion, suggesting Ethereum could catch up.

Credible Crypto stated, “I really think we can achieve this this time.”

Based on the technical indicators shared in the ETH/BTC chart, the analyst believes it is likely that Ethereum will outpace Bitcoin by the end of the cycle. If this occurs, Ethereum is expected to equal and then surpass Bitcoin’s market capitalization.

Ethereum’s current performance and its relationship with Bitcoin remain critical areas of analysis for investors. These predictions based on technical analysis are being closely monitored for their potential impact on market movements.

The dynamic between Ethereum and Bitcoin plays a vital role in strategic decision-making for investors in the cryptocurrency market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 24 January, 2025 - 4:06 pm 24 January, 2025 - 4:06 pm
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