| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107425.7600000000 |
| ETH | $2436.0180000000 |
| BNB | $648.2696300000 |
| XRP | $2.1811200000 |
| ADA | $0.5667575000 |
| SOL | $150.4236000000 |
| DOGE | $N/A |
| DOT | $3.4107100000 |
| LTC | $86.3775000000 |
| LINK | $13.3862800000 |
Category: CRYPTO NEWS
The post Ethereum Price Prediction: Bitcoin Dominance Impact appeared on BitcoinEthereumNews.com. Ethereum (ETH) price has surged 300% since its 2022 cycle low of $880, yet it’s trailing Bitcoin (BTC) by a staggering margin. Data from Glassnode shows the ETH/BTC ratio has declined steadily since mid-2022, signaling Bitcoin’s dominance in this cycle. ETH/BTC Ratio Performance Since Cycle Low; Source| Glassnode While ETH trades at $3,107 as of Feb. 2 as per Coingecko data, analysts question why the second-largest crypto struggles to keep pace despite bullish fundamentals. BTC Vs. ETH: A 2.5-Year Dominance Streak Bitcoin’s institutional tailwinds are widening the gap. The SEC approved spot Bitcoin ETFs in January 2024, six months ahead of Ethereum’s pending applications. This regulatory head start fueled BTC’s 160% year-to-date rally in 2024, while ETH rose 90% in the same period. The ETH/BTC ratio, which measures Ethereum’s performance against Bitcoin, has trended downward for 30 consecutive months. – Advertisement – A falling ratio indicates Bitcoin’s outperformance. Analysts highlight Bitcoin’s first-mover advantage in institutional adoption, including potential inclusion on the U.S. government’s balance sheet. Ethereum’s Quiet Strengths: TVL and Adoption Hopes Ethereum remains the backbone of decentralized finance (DeFi), hosting 58% of all blockchain Total Value Locked (TVL) at $43 billion, according to analyst @puntium. Its network supports stablecoins, meme coins NFTs, and layer-2 scaling solutions. However, experts warn competitors like Solana and Avalanche are “catching up in fees, staking, and use cases.” For ETH price to reverse its downtrend, experts call for public and private sector partnerships, particularly in the U.S., where regulatory clarity lags behind Bitcoin’s progress. Ethereum Price Prediction and Technical Analysis Ethereum faces immediate technical hurdles. On Feb. 2, ETH dipped 4% to $3,068 before recovering to $3,107. Crypto trader Cas Abbé Ethereum price prediction shows ETH must reclaim $3,400 to confirm a bullish reversal toward $4,000. ETH/USDT Chart: Trading View The 100-day moving average…
2025-02-03T04:40:34+00:00