Cryptocurrency Analyst Crypto Kalio He explained why he believes Bitcoin will continue to outperform Ethereum in the near term. He made this assertion based on his belief that Ethereum ETFs It will not have the immediate impact on the price of ETH that many expect.
Bitcoin will continue to outperform Ethereum for now.
Crypto Kaleo stated on X (formerly Twitter) mail He doesn’t think the hype around the launch of a spot Ethereum ETF next week will lead to Ethereum outperforms BitcoinInstead, he expects the Ethereum/Bitcoin pair to fall next week. He noted that the hype around the launch of spot Ethereum ETFs is justified, but suggested that it won’t cause Ethereum to outperform Bitcoin “for a few months.”
Cryptocurrency analysts love Michael Van De Poppe He had previously predicted that these Ethereum spot ETFs would lead to massive moves for Ethereum, while also suggesting that these funds could start altcoin season As Ethereum and other altcoins have outperformed Bitcoin, cryptocurrency analyst Linda also And expect Ethereum ETFs are expected to push ETH price to $4,000 soon.
However, Crypto Kaleo suggested that the market should not be too optimistic about an immediate price rise as Ethereum ETFs Will be launched next weekThe crypto analyst raised the possibility that this launch could follow the same pattern and be the last. News sale eventHe hinted that this was likely the case, noting that such events often develop in this way.
Crypto Kaleo believes there is no need to worry if the launch of the Ethereum spot ETF turns out to be another news-sell event. He noted that such a development would be an “absolute boon” for those who truly believe in this market cycle. He added that the market is still heading “to a big upside” from here and that market participants may just need a little patience before “the fun really begins.”
There is no doubt about the bullish outlook for Ethereum.
Based on forecasts made by many cryptocurrency analysts such as: Tyler DurdenThere is no doubt about the bullish outlook for Ethereum. The cryptocurrency is set to rise to much higher levels in the latter parts of the year. bull racing.Durden Proposal Some believe that Ethereum’s price rise to $10,000 is inevitable, and attribute this massive price surge to Ethereum-specific exchange-traded funds.
Altcoin Daily Cryptocurrency Analyst Also As mentioned earlier Ethereum’s rise to $10,000 is “programmed” and has highlighted spot Ethereum ETFs as one of the reasons why the second-largest cryptocurrency by market cap is experiencing such price gains. Spot Ethereum ETFs are expected to bring new funds into the Ethereum ecosystem, helping to boost Ethereum’s price.
Matt Hogan, Chief Investment Officer at Bitwise Recently predicted These funds could attract up to $15 billion in their first month of trading. Meanwhile, research firm K33 said And expect These funds are expected to attract up to $4.8 billion in their first five months of trading.
Featured image created using Dall.E, chart from Tradingview.com
