Top Analyst Predicts Ethereum Will Far Outpace Bitcoin Gains – Updates SOL Outlook

2023-10-21 02:26

Popular crypto analyst JACKIS predicts that Ethereum will outperform Bitcoin in the next major bull market, which many expect could arrive in 2024 or 2025.

In a recent Twitter thread, JACKIS laid out the case for why Ethereum is primed for huge gains relative to Bitcoin in the next crypto rally. He noted that if Ethereum can break above the $1,825 level, it will likely surge to $3,600 or higher. From current levels around $1,600, that would represent a gain of around 125% for Ethereum.

Meanwhile, for Bitcoin to reach $50,000 from its current price of around $29,500, it would need to gain about 70%. Based on these projections, JACKIS concludes that the Ethereum/Bitcoin ratio could increase by at least 40% in a bull market scenario.

“The math is quite simple. If #Bitcoin goes higher it will take #Ethereum with it If #ETH flips $1825 it will break the ascending triangle higher essentially If that happens it’s going above $3600 If that happens that’s 123% from here while for #BTC to 50K it’s 68% from the current price If that happens $ETH / $BTC will go higher by at least 40%” says Jackis.

Data from the 2021 bull run supports the thesis that Ethereum may continue to outpace Bitcoin in future rallies. In 2021, Ethereum gained about 463% from January 1 to its peak in November, while Bitcoin rose about 300% over the same timeframe before declining.

Ethereum has been gaining on Bitcoin in terms of market capitalization as well. At the start of 2021, Bitcoin’s market cap was about 4.5 times larger than Ethereum’s. By November 2021, that gap had narrowed to just 2.4 times. This demonstrates Ethereum’s ability to generate larger returns than Bitcoin.

JACKIS also believes that Solana (SOL) could outperform both Bitcoin and Ethereum from current prices in the next bull run.

With strong fundamentals and technicals aligning, analysts like JACKIS are betting on Ethereum to be the top performing crypto asset in the next major bull cycle.

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The post Top Analyst Predicts Ethereum Will Far Outpace Bitcoin Gains – Updates SOL Outlook appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

bitcoin ethereum → Результатов: 126


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