Ether might be gearing up for a breakout against Bitcoin in January 2025, according to crypto analyst Michael van de Poppe. The ETH/BTC ratio is at 0.0356, and van de Poppe speculates it could hit 0.04 soon, potentially sparking an "altcoin run" in the Ethereum ecosystem. Meanwhile, Shiba Inu and Mantle have seen notable gains, rising 7.10% and 3.32% respectively.

Analysts are also eyeing spot Ether ETFs, predicting they may outperform Bitcoin ETFs in 2025. This comes amid discussions that Ether's underperformance against Bitcoin might be ending.