Crypto Trader Warns Ethereum May Lag Behind Bitcoin in Short-Term Performance – Shares His Forecast
2 min read![Crypto Trader Warns Ethereum May Lag Behind Bitcoin In Short-Term Performance – Shares His Forecast 1 Crypto Trader Issues Ethereum Alert, Says Eth To Underperform Bitcoin Over The Short-Term – Here’s His Outlook](https://cryptoinfonet.com/wp-content/uploads/2024/07/Crypto-Trader-Warns-Ethereum-May-Lag-Behind-Bitcoin-in-Short-Term-1024x600.jpg)
An acclaimed cryptocurrency analyst is cautioning traders about Ethereum’s (ETH) potential short-term underperformance compared to Bitcoin (BTC).
During a recent strategy update, the anonymous trader known online as Kaleo shared with followers on social platform X, which number over 642,600, his prediction that Ethereum may lag behind the market leader Bitcoin in the coming week.
The expert also suggests that once Ethereum’s spot market exchange-traded funds (ETFs) begin trading, it could start exceeding Bitcoin’s performance.
“Taking the less popular view, I believe Ethereum may see a slight dip against BTC next week. There’s significant excitement about the upcoming spot ETFs (justifiably so), but I don’t anticipate this translating into supremacy until a few months down the line.”
Kaleo’s analysis indicates that he expects the ETH/BTC ratio to reach 0.1500 by the end of 2025 or start of 2026, a significant increase from the current 0.053, as shown on TradingView.
Kaleo further remarks that traders should maintain composure if Ethereum doesn’t see an immediate upturn following its ETF releases, considering Bitcoin also faced a period of erratic movement before its surge.
“Just a friendly reminder that Bitcoin didn’t surge right after BTC spot ETFs hit the market. There was an uptick leading to it, followed by a few weeks of downturn, before the actual rally took off.
Meaning – if ETH spot ETFs launch and we don’t witness immediate, widespread green candles next week, it’s not catastrophic.”
Concluding his assessment, the trader mentions that Bitcoin is currently poised to perform better than the traditional stock market.>
“BTC: Strong rebound from the support level on the Bitcoin/SPX ratio. It seems quite evident that Bitcoin will continue to eclipse the stock market going forward.”
At the moment of reporting, Ethereum stands at $3,404 while BTC is valued at $63,597.
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