According to analysts, Ethereum’s relative strength against Bitcoin could rise in January, which could trigger an “altcoin run” for Ethereum.
One cryptocurrency analyst says Ether is showing signs of a breakout against Bitcoin in January 2025.
According to Trading View, Ether’s ETH ticker has fallen $3,499.43, while Bitcoin’s relative strength against the BTC ticker has fallen $98,189, with the ETH/BTC ratio now at 0.0356. MN Capital founder Michael van de Poppe said in a December 24 X post that he “won’t be surprised if ETH/BTC falls below 0.04 in January.”
ETH’s strength could trigger an “altcoin run” for Ethereum.
The last time the ETH/BTC ratio hit the 0.04 level was on December 8, when ETH was trading at $4,018, just above the psychological $4,000 level. Van de Poppe predicts that in January 2025, there will be an outflow into Bitcoin while Ether will increase in inflows, which could stabilize the price. He expects this to trigger a “distribution of altcoins in the Ethereum ecosystem.”
Shiba Inu SHIB (ticker $0.00002314) and Mantle MNT (ticker $1.25), the second and third largest tokens in the Ethereum ecosystem outside of stablecoins, have risen 7.10% and 3.32%, respectively, in the past 24 hours.
Bitcoin continues to trade below $100,000 at $98,805, according to data from CoinMarketCap. It hit the six-figure price milestone for the first time on December 5.
Analysts See Ether ETFs Outperforming
Some analysts have noted that Ether spot exchange-traded funds (ETFs) could outperform Bitcoin ETFs in 2025.
ETF Store President Nate Geraci said in a December 20 X post that “Net inflows into ETH ETFs are currently at the same level as gold ETFs, but we expect inflows to accelerate from here.”
Related: Why Ethereum Maxis Says ETH Will Be the “Comeback Kid” of 2025
Pseudonymous crypto trader Brent expressed a similar opinion,
This came shortly after a crypto analyst said Ether’s underperformance against Bitcoin may soon be coming to an end.
Into The Cryptoverse founder Benjamin Cowen wrote to X in December. 4. He believes that the ETH/BTC crash is over (or almost over) and that the uptrend should continue over the next 6-12 months.
