A prominent cryptocurrency analyst has made a bold prediction for Ethereum, predicting that it will outperform both Bitcoin and Solana in the coming months.

In a post on social media platform X, the analyst, known by the pseudonym , highlighted that Ethereum is still bullish, with price targets reaching up to $12,000.

This analysis comes amid a 6.22% drop in the price of Ethereum over the past seven days and a continued increase in Bitcoin's dominance.

Analyst claims Ethereum will outperform Bitcoin.

Since the current market cycle began, Ethereum has underperformed Bitcoin, struggling to gain momentum above the $3,000 mark since July.

Ethereum bulls have faced challenges attracting significant inflows, keeping the price below key levels while Bitcoin has soared.

Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737.

Solana has also climbed back above $170 and could continue its momentum to surpass its yearly high of $202.

However, despite Ethereum's underperformance relative to these two cryptocurrency heavyweights, the analyst believes the trend will reverse in the second half of the cycle.

The analyst provided his outlook for Ethereum based on its price movements on the 3-day candlestick chart, which shows Ethereum bouncing off the lower trendline of an ascending triangle, indicating potential for an upward move.

Consequently, the analyst projected a complete breakout of multiple price resistances when momentum finally arrives for Ethereum.

Should this breakout occur, Ethereum is expected to outperform Bitcoin and Solana during the second half of this bull cycle.

He also outlined a price target range for Ethereum's growth, placing the lower limit at $8,428, with an upper target of up to $12,000.

This breakout projection has reignited interest in Ethereum’s ability to reclaim a leadership position, especially among investors who are still waiting for the Ethereum-led altcoin bull run.

What’s next for ETH? At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours.

This type of performance has left many ETH investors unsure about the asset’s short-term outlook.

According to data from IntoTheBlock, around 51.40% of addresses that purchased between $2,106.27 and $2,855.96 are in losses, not to mention those that purchased above $2,855.96.

Interestingly, the analyst addressed this trend among ETH investors in another post on social media platform X.

Here, he highlighted that Ethereum is still bullish despite underperformance.

The analyst explained that Ethereum's current price movement appears to be forming an inverted head and shoulders pattern or an ascending triangle on the charts, both of which are traditionally seen as bullish formations in technical analysis.

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