Will Ethereum Surpass Bitcoin? Key Indicators Show Potential

Despite Bitcoin recently reaching an all-time high, Ethereum (ETH) has still lagged behind, failing to catch up with Bitcoin's upward momentum. #3370759661

The current price of ETH is approximately $3111, which is 36.2% lower than its historical peak of $4878 in 2021.

With key indicators improving, Ethereum still has the potential to surpass Bitcoin.

Key Factors Supporting Ethereum's Rise

Analyst Ali is optimistic about Ethereum's prospects, believing it will exceed Bitcoin in the future. He noted that in every historical market cycle, there have been phases where Ethereum outperformed Bitcoin, and this current cycle has yet to see that, potentially indicating a buying opportunity.

Ali specifically mentioned the Market Value to Realized Value (MVRV) indicator, stating that when the MVRV momentum of ETH breaks above the 180-day moving average, it typically signals an upcoming bullish period for ETH. Although the price of ETH has recently increased from $2400 to $2800, this crossover has not yet occurred, suggesting there is still room for growth.

The inflow of funds into ETH spot ETFs also supports bullish expectations, with cumulative investments in ETH spot ETFs exceeding $147 million, reflecting investor confidence in ETH. Meanwhile, Ethereum whales (large holders) have purchased over $1.4 billion worth of ETH, further boosting upward momentum.

Ali expects Ethereum's price may test resistance levels at $4000 and $6000, and if the market remains bullish, the target price for ETH could reach $10,000.

Market Conditions and Leverage

Despite optimistic expectations, market data shows changes in some key indicators. For example, the estimated leverage ratio for ETH dropped to 0.40 on November 19, indicating a reduction in speculative activity, which may create conditions for more stable growth.

Additionally, the open interest for Ethereum contracts has decreased by 30%, indicating a reduction in market activity, which may mean ETH is in a consolidation period, preparing for future price increases.

Conclusion

Although Ethereum currently lags behind Bitcoin, some key indicators suggest it may experience strong growth in the future. Investors and analysts will continue to monitor these changes to assess whether ETH can surpass Bitcoin in the future. #MEME趋势风向 #BTC何时突破10万？