Ether holds a slight edge over Bitcoin in the short-term as social media chatter around the cryptocurrency is less overheated, says sentiment platform Santiment. “The $ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the past 3 months,” Santiment said in an X post on Friday amid the ETH/BTC ratio, which measures Ether’s (ETH) relative strength against Bitcoin (BTC) being up 32.90% over the past 30 days, according to TradingView. Ether fell short of reclaiming 2021 all-time highs “The current outlook shows a slightly more bullish path for Ethereum due to the lack of interest in dip buying compared to Bitcoin,” Santiment said. Santiment points to data suggesting crypto community has more interest in buying Bitcoin dip than Ether dip. Source: Santiment Both Bitcoin and Ether have pulled back since Thursday, when Bitcoin reached a new all-time high of $124,128 and Ether came close to reclaiming its 2021 all-time high of $4,878. Ether fell just 1.94% short of reclaiming its 2021 all-time high, before retracing down to $4,448 at the time of publication, according to CoinMarketCap. Meanwhile, Bitcoin is down 5.10% from its Thursday all-time high of $124,128, trading at $117,939 at the time of publication. Bitcoin chatter was frothy at ATH levels Santiment said social media posts were getting overly bullish for Bitcoin at this price level. “We can see that the greed spike on BTC coincided perfectly with the ATH and local top,” Santiment said. Analysts have been raising targets for Ether in recent times amid a surge in institutional buying and the accelerating adoption of stablecoins following recent US regulatory changes. Ether is up 32.94% over the past 30 days. Source: CoinMarketCap Crypto trader Yashasedu said on Tuesday that Ether may climb to over $8,500 if Bitcoin makes a highly anticipated move to $150,000, based on past bull market trends where Ether reaches 35% of Bitcoin’s market cap. Yashasedu said that if Bitcoin reaches $150,000, then ETH may soar to $8,656. Meanwhile, Standard Chartered raised its Ether price forecast for 2025 to $7,500, up from a previous $4,000 target.
Aave reaches multiple all-time highs as protocol hits $3 trillion deposits
1 hour ago
Value Locked in DeFi Reaches $154B Despite 3% Dip
1 hour ago
40-Year Analyst Shares Date and Price Prediction for Bitcoin Peak – “By November 2026…”
2 hour ago
Ether has ‘slightly more bullish path’ than Bitcoin: Santiment
3 hour ago
Ether unstaking queue hits $3.8B: What does it mean for ETH price?
4 hour ago
Here’s How $200 in XRP Per Month Could Make You a Million If XRP Gains Bitcoin-Like Adoption
4 hour ago