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Cryptocurrency

Ethereum Killers Are Rallying: Is Ether (ETH) $4K Still in the Cards?

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7 months ago

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Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets.

For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin (SUI) jumped by 74%, Solana by 56%, and Polkdadot (DOT) rose by 44%, according to data compiled by TradingView. Ether came up short of these DeFi competitors with a 25% increase for the period.

Even though the price of Ether on crypto exchanges marked $3,450 on Saturday, some investors are nervous about its prospects of reaching the $4,000 level by the peak of this crypto macrocycle.

In addition to concerns over the Ethereum platform’s overgrown, mutable code base and byzantine architecture, some analysts have expressed bearish worries about the Ether economy’s fundamentals.

Amberdata’s Director of Derivatives Greg Magadini, for example, said in a note to clients that “ETH faces serious headwinds as the value proposition of ‘sound money’ … has flipped to inflation supply as nearly all DeFi transactions are being executed on L2s … I believe that’s drastically dragging prices down.”

While ETH became a deflationary currency on Sept, 15, 2022, deflation has slowed in 2024 with the proliferation of currency onto Ethereum Layer-2 services. Though it hasn’t really slowed by much on the multi-year time scale.

1. Bullish: ETH/BTC Ratio Turns Again

Here’s how ETH has stacked up against BTC so far in 2024.

Legendary commodities and forex trader Peter Brandt pointed out to followers on Wednesday that the price ratio between BTC and ETH is at a cyclical inflection point, where it has formed a bottom in past cycles. That means Ether prices may soon rise, even as against BTC.

“A letter from the grave?” Brandt wrote in a note on X. The veteran commodities trader posted an Ethereum price-to-Bitcoin ratio graph from TradingView that shows how this metric melted up the chart last time it was this low at this time in BTC’s 4-year supply cycle.

Those are bullish technicals for Ethereum as cryptocurrency markets round the calendar into 2025.

2. Ethereum Price Prediction: $6,000 in 2025

Crypto chart analyst Ali Martinez predicts that Ether will outrun Bitcoin up the chart by the end of this macro market cycle. He marks $6,000 as a peak price in his most bullish scenario for Ether in the months ahead. Martinez expects at least $4,000 for Ethereum in this cycle.

“Every market cycle has experienced a phase where #Ethereum outperforms Bitcoin,” began Martinez in a note to followers on X Tuesday. “That hasn’t happened yet in the current cycle, but it is certainly on the horizon. As ETH lags behind, there is an opportunity here to buy before it outperforms.”

“Savvy investors are aware of this, and there has been a significant shift in spot Ethereum ETFs,” Martinez wrote, displaying a chart of Ethereum spot ETF inflows from August through Nov. 18. “They went from distribution to accumulation, having amazed over $147 million in ETH.”

In another chart, Martinez exhibited a long-term ascending parallel channel starting in July 2022, which, if continued, could potentially see an Ethereum price above $5,000 by April 2025.

In addition to increasing ETF volume, open interest in Ethereum futures on the Chicago Board Options Exchange also shifted over the same time period.

CBOE Ether futures volume and open interest rose from 3,613 and 6,121, respectively, on Oct. 11 to 16,614 and 13,043 on Nov. 21, according to data from CME Group.

3. DApp Volumes Up 38% in a Month

Another fundamental analysis of Ethereum’s price, in addition to its inflation rate against the US dollar, is monthly active usage of Web3 or decentralized apps secured by its blockchain network.

Dapp volumes for Ethereum are on the upswing along with ETH/BTC reaching a historical inflection point and ETF investor sentiment turning bullish— and over the same calendar span as increasing Ether futures volume and ETF inflows, according to data from DApp Radar.

Ethereum’s DApp volume for the 30-day period ending Nov. 20 was far and away first-in-class among DeFi coins. With $150 billion in volume on its decentralized application layer, Ethereum well outpaced Arbitrum (ARB) in second with $32 billion and Binance Coin (BNB) in third with ($26 billion).

4. ETH Vs. SOL Do-Si-Do Nov. ‘24

We’ll add up the percentage of each base layer coin’s gains over a relevant period in November and their top three meme tokens, and/or L2 utilities, lemme know if you have preference.

Over the multi-year timeframe, Solana went on a stout bull run while Ethereum was in hibernation. That could mean there’s more upside left in Ethereum’s market on the next turn of the cycle.

The relative performance of base-layer ETH tokens, the three most popular Ethereum meme coins, against SOL tokens and the three most popular Solana memes during the US election rally is another signal portent of a paradigm shift in the markets for these competing altcoins.

SOL outperformed ETH during the 30 days ending Nov. 22. Ethereum flowed up the chart 25%, while Solana stacked 53% gains. Still, Ethereum’s top three meme coins outpaced Solana memes overall during the same period.

The cumulative 30-day ROI for Ethereum plus its top three memes was 220%, while the ROI for Solana plus its top three memes was 200%.

That higher percentage gain is nice for the individual altcoin trader holding the Ethereum coins in their bag during this time, but how hard was it for the market to move these economies by those percentages? It depends on several factors, but the market cap is a central indicator of their confluence.

The collective market caps of these Ethereum and Solana economies, were on Nov. 22: $423 billion and $129 billion, respectively. So the extra 21% worth of cumulative ROI on Ethereum coins is more impressive than that of Solana because it’s harder to move the ETH market cap.

Plus, there are those ETH fees, as SOL boosters would be apt to point out.

5. Institutional Backing for Ethereum

In addition to the upward shift in monthly Ethereum ETF net inflows and Ether futures volume in November, institutional investors show a high level of conviction for ETH in the percentage of their held coins that remain stakes to secure the network and earn yield in addition to gains in market prices on cryptocurrency exchanges.

Institutional investors are really into investing in Ethereum—not merely holding Ether but locking it into staking contracts to secure the platform’s economy for yield. That shows a high level of conviction in the product and in its long-term growth prospects.

Earlier in October, Carlos Mercado, a data scientist for blockchain strategy firm Flipside Crypto, pointed out that the number of Ethereum stakers had increased by over 30% over the trailing 12-month period. That figure notched the one million mark for the first time in June.

A recent survey of Ethereum users by Blockworks Research, a blockchain intelligence firm based in New York City, published in mid-Oct. 30, found that 69.2% of survey respondents stake Ethereum, but 78.8% of investment firms or asset managers own ETH stake.

Furthermore, they’re taking extra steps to keep their Ether more liquid as they stake it, with over 52% reporting that they use a liquid staking token. That shows a level of sophistication for these traditional finance participants in the cryptographic smart contract economy.

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Cryptocurrency

Bitcoin Price Analysis: Failure to Reclaim These Levels Can Result in a Sub-$100K Correction

letizo News

Published

3 hours ago

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June 8, 2025

Bitcoin has entered a corrective phase after tagging the $111K region, following a strong multi-week rally. While momentum has cooled, the broader structure remains intact.

The price action is showing signs of potential accumulation at support, and traders are watching closely to see if this pullback turns into a deeper correction or a fresh leg up.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily timeframe, BTC is currently holding above the $103K region after sweeping the $101K sell-side liquidity. The previous bullish structure is still valid, and the price is likely targeting the mid-range of the ascending channel. The 100-day (orange) and 200-day (blue) moving averages are not far below, sitting at $92K and $95K, respectively, and continue to slope upward. This indicates that the long-term bullish momentum is not yet broken.

The RSI on the daily is recovering slightly from below 50, suggesting neutral momentum after days of cooling off. Until the asset breaks below the $100K–$101K range, the current drop looks like a healthy correction in an uptrend. However, failure to reclaim the $106K–$108K resistance area quickly could increase the probability of revisiting the $95K–$97K order block, and even the two moving averages.

The 4-Hour Chart

Zooming into the 4H chart, BTC wicked below the descending wedge pattern after finding strong demand near the $100K area and began a V-shaped recovery. This structure historically signals a bullish reversal, and the move back above $103K supports this case.

However, the current rally is approaching resistance again, which is the higher boundary of the pattern near the $105K mark, and the RSI is still under 50. This level could act as a temporary ceiling unless momentum strengthens.

The sharp wick below $100K looks like a textbook liquidity grab, suggesting market makers ran stops before driving the price higher. If the buyers manage to hold above the $100K base and flip the $105K–$106K area, the door reopens for a push toward $108K and possibly a new all-time high above $112K. On the other hand, a failure to do so would likely lead to more range-bound action between $101K and $106K in the coming days.

On-Chain Analysis

Exchange Reserve

The Exchange Reserve chart reveals a persistent and steep decline in the amount of Bitcoin held on centralized exchanges, now reaching a historic low at 2.3 million BTC. This trend has accelerated over the past year and continues into June 2025, despite BTC trading above $100K. In classical supply-demand terms, this represents a significant supply-side squeeze: fewer coins on exchanges mean less liquidity available for instant sale, tightening the circulating supply and amplifying the impact of even moderate demand spikes.

This behaviour reflects a strong macroeconomic undercurrent. First, institutional accumulation is likely driving much of this trend. Large entities often move coins off exchanges into custody solutions when positioning for long-term holding or to reduce counterparty risk. Second, the growing presence of spot Bitcoin ETFs and custodial platforms (like Fidelity or BlackRock) means that BTC is increasingly flowing into vehicles that don’t recycle it back onto exchanges, removing it from the liquid supply indefinitely. This dynamic creates structural illiquidity that underpins Bitcoin’s asymmetric upside.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

This Week’s Biggest Gainers and Losers as BTC Price Reclaims $105K (Weekend Watch)

letizo News

Published

3 hours ago

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June 8, 2025

Bitcoin’s gradual ascent continued in the past 24 hours, as the asset managed to bounce above $105,000 and even challenged $106,000 briefly.

Since most altcoins are quite sluggish on a daily scale, we will examine in more detail their weekly performances, where TAO and CRO stand in one corner, while HYPE, LEO, ICP, and TRX are in the other.

BTC Above $105K

The world’s largest cryptocurrency tried to break out at the beginning of the business week from its consolidation range but was stopped at $106,000 and $106,500 on Monday and Tuesday. The following rejections drove it south to the lower boundary, but the bulls went on the offensive once again on Thursday.

However, bitcoin was stopped once again at $106,000, but this time, the correction was a lot more violent. Perhaps influenced by the ongoing spat between US President Trump and Tesla CEO Musk, BTC’s price tumbled hard and went to a multi-week low of $100,400 (on Bitstamp).

As it came close to a breakdown below the coveted $100,000 level, the situation reversed and bitcoin started to recover some ground. By Friday noon, it had rebounded to around $105,000. Slightly more volatility followed, but BTC was ultimately stopped at $106,000 yesterday and now trades around $500 lower.

Its market capitalization has risen to just shy of $2.1 trillion, while its dominance over the alts stands tall at 61.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Up and Down

The weekly scale shows that HYPE has emerged as the top gainer, having surged by almost 9%. As a result, the high-flyer now sits above $35, just less than $5 away from its recent peak. ICP follows suit with an 8% weekly increase, while LEO, TRX, and AAVE are next.

On the opposite scale are TAO (-11%), GT (-5.3%), and CRO (-5.2%). SOL, DOGE, ADA, AVAX, and SHIB are also about to close the weekly candle in the red.

The total crypto market cap has added around $30 billion since yesterday and is up to $3.410 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Is an XRP ETF Inevitable in 2025 Following This Major Development?

letizo News

Published

3 hours ago

on

June 8, 2025

TL;DR

  • Although the US SEC continues to delay making decisions on various XRP ETF applications, the potential approval odds on Polymarket exploded in early June.
  • Perhaps the most notable reason behind this odd increase is a recent update by the US securities watchdog, which involved XRP and other altcoins.

Polymarket Odds Through the Roof

As perma-XRP bull John Squire informed recently, the chances for approval of a Ripple ETF by the end of the year had skyrocketed to 98%. Recall that the odds had dropped below 70% just a few weeks prior and recovered to 80% before the surge.

As of press time, the percentage has dropped to 88%, which is still a lot higher than the year’s average. When it comes down to a July 31 deadline, though, the odds are down to 17% and continue to get lower as the date approaches, and there are no big developments on the matter aside from SEC application delays.

The reason why odds on Polymarket are so important for future developments is the platform’s success rate. As reported earlier this year, its accuracy levels have been quite impressive, at around 90%.

Here’s Why the Odds Surged

Such an impressive pump in the approval odds from around 80% to almost 100% in a single day couldn’t be just a coincidence. In fact, it came after the SEC approved a NASDAQ crypto US settlement price index, which includes XRP, as well as other altcoins like ADA, SOL, and XLM.

According to crypto experts, this development is particularly important as it signals that these assets have solid liquidity and reliable pricing, and it removes key obstacles for spot ETF approvals.

Interestingly, the approval odds for ADA and SOL ETFs by the end of the year didn’t experience a similar surge. Moreover, the chances for Cardano are down to 42% from 70%, while those for Solana are at 79%, which is still lower than the percentages from a week ago.

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