Ethereum

Bitcoin

While Ethereum draws attention with its weak performance against Bitcoin, analysts think that ETH will strengthen again.
According to Coindesk, Steno Research analysts argued that Ethereum will surpass Bitcoin as its on-chain activity increases.
Analysts stated that ETH's recent underperformance may have ended and argued that Ethereum may be ready for a comeback from now on.
While Ethereum only slightly rose by 8%, lagging behind Bitcoin’s 43% increase, analysts noted that ETH had a big breakout during the last bull cycle, noting that “during the last bull cycle, Ethereum’s price more than doubled compared to Bitcoin in less than two months.”
<blockquote>
 “The FED's interest rate cut has led to increased on-chain activity. This will greatly benefit Ethereum.
 Considering the Fed’s influence as well as historical data, ETH looks set to rise up and suddenly overtake its major rival Bitcoin.”
</blockquote>
Asset manager Bitwise also stated in a recent report that it is optimistic about Ethereum price prospects and that ETH could potentially rise towards the end of the year.
Related News: <a href="https://en.bitcoinsistemi.com/why-cant-ethereum-eth-rise-when-will-the-price-rise-bitwise-explained/" target="_blank" rel="noopener noreferrer nofollow">Why Can't Ethereum (ETH) Rise? When Will the Price Rise? Bitwise Explained!</a>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-will-happen-next-in-ethereum-according-to-analysts-eth-which-has-been-crushed-against-bitcoin-btc-is-preparing-for-a-big-breakout/" rel="noopener noreferrer nofollow">What Will Happen Next in Ethereum? According to Analysts, ETH, Which Has Been Crushed Against Bitcoin (BTC), Is Preparing for a Big Breakout!</a>

What Will Happen Next in Ethereum? According to Analysts, ETH, Which Has Been Crushed Against Bitcoin (BTC), Is Preparing for a Big Breakout...

Bitcoin Sistemi EN

Other articles published on Sep 20, 2024

Drift Labs Secures $25M to Build DeFi SuperApp on Solana, Eyes Global Expansion

Ethereum Wallet Associated with Vitalik Buterin Shifts 1,300 $ETH

4 Bullish Shiba Inu Signals as the SHIB Price Taps a 3-Week High: Details

Qubetics Advances Blockchain with QubeQode IDE and AI Tools-Get Ready for Presale

The Next Crypto To Explode: Top Picks For September, October, and November 2024

BingX Confirms Security Breach, Millions in Crypto at Risk Amidst Investigation

Join our free newsletter for daily crypto updates!