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.
Source: X
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.
Related: ETH and XRP Surpass $BTC in 24h Volume on Binance: Is Altseason 2025 at Hand?
Also, Ethereum has been heavily criticized lately. Some people said it’s a dead project or that Solana has replaced it. Others have pointed out problems with the Ethereum Foundation. But Melker sees all this negativity as a buying opportunity.
What’s next for Ethereum?
Ethereum appears to have reached a short-term peak after a strong rally. Although the price is still holding above the important support level of $3,630, recent price movements show that Ethereum may be entering a cooling-off phase or a correction.
Source: TradingView
As long as Ethereum stays above $3,630, there’s still a chance it could push higher. But if it falls below that level, it would hint that a deeper pullback is underway. In that case, Ethereum might drop into the next support zone between $3,591 and $3,476. That doesn’t mean the price must fall all the way to $3,476, but breaking $3,630 would increase the risk of a sharper correction.
Related: Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows
On the other hand, if the price manages to stay above $3,630 and break above $3,855, it would point to continued bullish strength.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
