As the cryptocurrency market continues to heat up, Ethereum (ETH) has attracted considerable attention due to its impressive price hike. This surge not only created optimism about Ethereum's future, but also prompted many analysts to question whether Ethereum could become a major digital asset beyond Bitcoin (BTC).
This article is divided into important discussions from analysts supporting this possibility.
Technical Analysis: Why can Ethereum overtake Bitcoin?
Jim Bianco of Biancoresearch pointed out that ETH had skyrocketed 38% within just 72 hours. This is the largest three-day profit since January 2021 and the second largest in the last eight years.
Ethereum prices and daily changes. Source: Jim Bianco
At the time of writing, ETH was hovering around $2,450. This level has wiped out almost all losses over the past two months. Such a sharp move suggests that the rally could last for at least a month, as seen in 2019. Like what happened in 2021, we may even start a new bull cycle.
From a technical standpoint, the ETH/BTC chart shows a strong recovery signal. Analyst Donnie observed that the current setup was similar in 2017 when Ethereum surpassed Bitcoin.
ETH/BTC price performance chart. Source: Donny
“ETH is absolutely killing Bitcoin right now. Ethereum could soon become the number one digital asset at this rate. Bitcoin Maxi can't believe it!” – Investor Gordon said.
Many other analysts reflected this view and emphasized that ETH's growth could mark the beginning of the Altcoin boom.
Fundamentals that support the possibility of overtaking Ethereum Bitcoin
In its fundamental aspect, Ethereum acquires strength through growing institutional interest. 1 Nick Tomaino, general partner of Conufirmation, emphasized that Ethereum is the dominant platform driving most of the innovation in the crypto space. It has attracted attention from major investors.
“Ethereum is the dominant platform for Stablecoins, Defi, NFTS, forecast markets, decentralized identity, decentralized social, and more. Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Sony, Visa, Polymarket, Uniswap, aave by eavead based eaved by, eave, eave, aave, aave, aave, aave, aave, aave, aave, aave, aave, aave, aave, visaket, protocols are constantly evolving,” Nick said.
Nick acknowledged the long-term value of Bitcoin, but he argued that BTC has become a traditional institutional asset preferred by large corporations and governments. However, there are no applications useful for onboarding users. Based on that, he predicted that ETH could ultimately turn BTC over.
Furthermore, the predictions for ETH-based staking ETFs by agencies like BlackRock and the tokenization of real-world assets (RWAs) further enhance Ethereum's appeal. These factors increase liquidity and significantly increase the long-term value of ETH.
Given the current growth trajectory, many experts believe ETH could break $4,000 in 2025 and reach $10,000 in the near future.
Georgie Boy, founder of Thealienboynft, provided a unique analogy by calling Ethereum the “Noah's Box” of Crypto World. According to him, Ethereum is more than just an asset. This is a complete ecosystem that can guide the market through volatility.
“Ethereum is Noah's crypto box, and Bitcoin is missing the boat. Bitcoin was a great idea, but the peer-to-peer cash story has repeatedly failed, while Ethereum is quietly becoming the modern internet settlement layer,” Georgie Boy said.
A balanced perspective: ETH and BTC are both essential
Despite Ethereum's optimistic outlook, some neutral perspectives suggest that comparing ETH with BTC is not necessary. According to the Prophet, the crypto world needs both Bitcoin and Ethereum. Each serves a different purpose.
Bitcoin acts as a “digital gold” and valuable store. Ethereum, on the other hand, is a distributed application infrastructure.
He emphasized that there was no real “fight” between the two.
“This is not a battle between two assets, it's a reflection of the two archetypes that every system needs.
•An immovable object (BTC).
•Adaptivity (ETH).Bitcoin is the basis. Ethereum is a scaffolding. You don't turn the foundations upside down. It will be built on top of it. But the world does not run in one layer of belief. It runs on layers that enhance and check each other. ETH does not need to flip BTC to win. The Prophet said:
Regardless of current optimism, recent observations show a lack of participation among retail investors despite BTC exceeding $100,000 and ETH reaching $2,500. This shortage reflects careful sentiment among new investors and could affect the performance of both key assets in the market.
