Ether shows signs of breaking out against Bitcoin in January 2025, according to a cryptocurrency analyst.
TradingView shows the relative strength of Ether (ETH) against Bitcoin (BTC) — the ETH/BTC ratio — is at 0.0356. MN Capital founder Michael van de Poppe stated in a post on X on December 24 that he 'wouldn't be surprised if 0.04 gets broken in January.'
The strength of ETH could trigger an 'altcoin frenzy' for Ethereum.
The last time the ETH/BTC ratio reached 0.04 was on December 8, when ETH traded slightly above the psychological price of 4,000 USD, at 4,018 USD.
Van de Poppe predicts that more money will flow into Ether in January 2025, while Bitcoin may see money flowing out, leading to Bitcoin's price consolidation. He expects this will trigger an 'altcoin frenzy in the Ethereum ecosystem.'
The ETH/BTC ratio has increased by 3.26% in the past 30 days. Source: TradingView
Shiba Inu (SHIB) and Mantle (MNT), respectively the 2nd and 3rd largest tokens in the Ethereum ecosystem besides stablecoins, have increased by 7.10% and 3.32% in the past 24 hours.
According to CoinMarketCap data, Bitcoin is still trading below 100K USD at 98,805 USD. Bitcoin reached the six-figure price milestone on December 5.
Analysts are paying attention to the outstanding performance of spot Ether ETFs.
Some analysts believe that spot Ether exchange-traded funds (ETFs) could outperform Bitcoin ETFs in 2025.
ETF Store President Nate Geraci stated in a post on X on December 20 that 'the inflow into ETH ETFs is currently in sync with gold ETFs, but I expect the inflow to accelerate from here.'
Anonymous cryptocurrency trader Brent also shared a similar view when posting on X that 'ETH is the least owned asset in the world. Study what happens to a ball compressed underwater.'
This comes shortly after a cryptocurrency analyst suggested that Ethereum shows signs of ending its underperformance compared to Bitcoin.
Into The Cryptoverse founder Benjamin Cowen wrote on X on December 4 that he believes 'the collapse of ETH/BTC has ended (or is near ending), and this ratio will rise in the next 6-12 months.'
