Ethereum, the second-largest cryptocurrency by market capitalization, has been on an upward trajectory this year. The cryptocurrency is known for its potential to host powerful smart contracts on a network governed by rules enforced by computer programming rather than trusted rulers policed by civil authorities.
This distinguishes it from Bitcoin, which serves as a global calculator for small sums representing vast amounts of value locked in by a secure computer hash protocol and market forces. The technical backdrop for an Ether bull run is strong, with Ethereum recently breaking a 3-year bearish trend line.
This could indicate a bullish trend reversal, with Ether taking flight like Bitcoin has in recent months. Moreover, the political/regulatory situation for Ethereum could hardly be more favorable, as a pro-growth crypto policy was a signature promise of Trump’s campaign. This is great for the blockchain industry overall but could be especially auspicious for Ethereum prices at exchange.
In addition, there is usually a “Santa Claus” or year-end price rally that extends into January in the history of liquid financial markets for tradable assets like stocks and cryptocurrencies. Often this is the most profitable part of the calendar when these assets make their greatest gains on exchange markets.
During the most recent Santa Claus rally immediately following a Bitcoin halving in 2020-21, like the current December to January period for 2024-2025, ETH’s price performance far surpassed that of BTC. As long as the fundamentals of value proposition and market conditions remain in line, the tendency of “mean reversion” or a return to the average trend line remains an important factor to consider in a cryptocurrency’s price.
Bitcoin has already blown past its previous all-time high prices. Ethereum has yet to mark its past record high on this cycle. That means alt season is still ahead of us if markets retrace past crypto trends. Finally, the trend toward increased institutional adoption of Ethereum is a tailwind for its price, which markets are counting on as the exchanges continuously revise the valuation for Ether.
In conclusion, there are strong reasons to believe that Ethereum’s price could eclipse BTC’s percentage growth over the next 60 days, making it a promising investment for the crypto market.
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