An analyst has said Ethereum may outperform Bitcoin short term, as trade.
Ethereum may be setting up to outperform Bitcoin in the short-to-mid term. The ETH/BTC ratio, a key chart that measures Ethereum’s strength against Bitcoin, recently flipped its 50-week moving average for the first time since 2023. This kind of move often means a trend reversal.
Experts have said that this could mean the start of a mini altcoin cycle, with Ethereum leading the way. If that’s true, Ethereum could end this market cycle around $7,500, while Bitcoin could land somewhere between $220,000 to $250,000.
Analyst Scott Melker also thinks Ethereum might do better than Bitcoin in the short term, but only as a trade. “It does look like Ethereum should outperform as a trade from here. But to be clear, it’s a trade. If you’re trying to buy an asset that you want to hold for 20 or 30 years, it’s hard to beat Bitcoin. I don’t think that there’s much argument,” he said.
