Ethereum (ETH) is looking to seize the current opportunity and kickstart its 2025 bull market with style. The second-largest cryptocurrency by market capitalization is currently showing strong resilience in the face of uncertainty in the altcoin market, which just hasn’t been able to capture the clues from Bitcoin’s recent strong showing.
ETH has struggled against BTC, especially since the last bull market of 2020- 2021. Back then, the programmable cryptocurrency project posed a major challenge to BTC’s hegemony and dictated the entire altcoin market. However, the altcoin market has now decoupled itself from ETH and operates largely independently. It also outperforms ETH on most turns.
Things might change in the coming months or so. ETH is recovering strongly against BTC, and it will likely end in a massive price reversal for the former. Currently, it is changing hands just below $2600.
Ethereum to Rise to $10,000
According to popular X (formerly Twitter) crypto analyst Kamran Asghar, the rise of ETH against BTC defies a 4-year downward trend since 2021. He tweeted this picture:
He stated that the bullish divergence of the ETH/BTC chart has started, and a major move will help ETH recover its losses against BTC. He predicted that a move to $10,000 is imminent and will usher in a new era of development for ETH.
Ethereum’s Challenges
However, Ethereum currently faces several challenges in its quest to regain its position in the cryptocurrency market charts. While the digital asset has shown resilience in the face of recent global economic uncertainty, the situation remains precarious as trade barriers increase and liquidity suffers.
Also, ETH’s downgrading against BTC and the larger crypto market cannot just be blamed on the market forces. The layer-1 blockchain has hit several development roadblocks over the last few years despite hands-on efforts by Vitalik Buterin, the head of the Ethereum Foundation.
The most significant underlying issue with ETH was its operational capacity. Its slow, limited network was hampering efforts to open up blockchain adoption around the world. As a result, many newer projects like Solana, SUI, and Chainlink were able to come forward as alternatives to ETH and capture some of the market.
The Future
Despite ETH’s latest troubles, it still commands a massive $300 billion position in the cryptocurrency market. If ETH can enact crucial, effective updates on time, it can catch up and end 2025 on a new footing. Failure to do so will see ETH increasingly squeezed by Bitcoin and alternatives like Solana and maybe one day overtaken by it.
