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Ethereum Price Prediction: Up 3x But Still Losing Vs BTC, What Next for ETH? The Coin Republic 1 week ago

Ethereum Price Prediction: Up 3x But Still Losing Vs BTC, What Next for ETH? 📈

Ethereum's (ETH) price has made a significant recovery, bouncing back by 300% from its 2022 cycle low of $880. Despite this impressive rally, Ethereum continues to lag behind Bitcoin (BTC) in terms of comparative strength. The ETH/BTC ratio, as observed from Glassnode's data, has been declining steadily since mid-2022, indicating Bitcoin's dominance in the current cycle.

As of February 2, Ethereum is trading at $3,107, according to Coingecko. The crypto community is left pondering Ethereum's next move, given its underperformance against its primary rival, Bitcoin.

Source: www.thecoinrepublic.com ↗

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