The altcoin market recently caught fire after its total market cap and individual crypto assets like Ethereum, Dash, and Litecoin began popping off and breaking through their downtrend resistance lines.
It resulted in over 50% returns in just over a month, however, according to the ETH/BTC trading pair, Ethereum may be poised for continued underperformance against Bitcoin. And with Ethereum often being a leading indicator for the rest of the altcoin market, Bitcoin dominance may continue to rise further causing altcoins to continue to bleed out.
Ethereum to Underperform Against Bitcoin For Foreseeable Future
Following Bitcoin and Ethereum’s side-by-side meteoric rise into stardom, both assets corrected significantly, resulting in an over 80% drawdown for Bitcoin and a 90% decline for Ethereum– along with a two-year-long bear market.
As the two assets dropped, Ethereum fell harder than the first-ever cryptocurrency, wiping out a larger percentage of value from its market cap from all-time high prices.
Related Reading | This Surprising Cryptocurrency May Hold Clues to Bitcoin and Ethereum’s Final Bottom
As the crypto market began to rebound in early 2019, Ethereum and the rest of the altcoin market continued to underperform against the leading cryptocurrency by market cap.
That underperformance looks to continue into 2020, according to one crypto analyst, who sees very little probability in Ethereum’s bottom being in on the ETH/BTC trading pair.
$ETH
Somehow the ETH bottom attempts are getting weaker, not stronger.There is a chance this is the bottom but I think it's pretty minuscule.Reclaim the "not bad" trading range and I'll change my tune.
Hard to ignore that this isn't a bullish chart, not yet anyway. pic.twitter.com/L14Xf7AexR
— DonAlt (@CryptoDonAlt) January 30, 2020
According to the analyst, each bottom attempt ETH makes against BTC has gotten weaker and weaker, not stronger, suggesting that more downside may be ahead.
Has ETH/BTC Bottomed, or Is More Downside Ahead for Altcoins?
While the analyst doesn’t rule out that the bottom could be in, he believes the chance is “pretty minuscule.”
The only thing that would get the analyst to consider a bullish alternative, is Ethereum reclaiming the “not bad” trading zone between 0.43 and 0.25 on the ratio.
While Bitcoin had fallen from $20,000 to $3,000, Ethereum had also fallen from $1,400 to $80. But at the same time, Ethereum had been trading at 0.125 on the ratio against Bitcoin but has fallen significantly to just 0.016 at the low.
Altcoins like Ethereum and many others have continued to bleed out against Bitcoin, but BTC dominance has been showing signs of potentially reversing, suggesting that altcoins could soon recover.
Related Reading | Ethereum, XRP Set For More Devastation According to BTC Dominance
But with Ethereum often leading the charge for altcoins alongside other big ten cryptos like Litecoin and XRP, its chart showing weakness against Bitcoin could indicate that alts have more to suffer before they catch up to their crypto big brother.
Has the number two cryptocurrency by market cap bottomed against Bitcoin? And is the crypto market ready for a new bull run? Let us know in the comments below.
Featured image from Shutterstock The post appeared first on NewsBTC. origin »
Ethereum Targets $7K, But Zero Knowledge Proof’s Whitelist Is Dominating the Market! Is ZKP the Best Crypto to Buy This Year? Ethereum remains one of the most influential and resilient assets in the crypto market.
The crypto market is regaining its footing after a week of tariff-induced turbulence. Ethereum spearheaded a 9% rebound, restoring confidence across altcoins and signaling renewed appetite from traders.
Ethereum price retraced sharply as surging liquidations, whale selling, and a shift in market sentiment pushed the crypto market into fear territory. As of this writing, Ethereum is down 6.8% over the past day, trading at $4,173. With a 7-day…
The crypto market is at all-time highs, yet uncertainty remains about what comes next. For many traders, including myself, the key questions are simple: When will Bitcoin peak? When will Ethereum top? And when does altseason truly begin? Ciclop, a crypto veteran with eight years of market experience and over $6 million in profits, has […]
The post 8-Year Market Pro Predicts Bitcoin, Ethereum Peaks – and the 40-Day Altseason Window appeared first on CaptainAltcoin.
Ethereum’s price rise to a 7-month high faces resistance at $4,000. The market top could lead to a pullback, but continued growth in new addresses may support a breakout toward $4,425.
The post Ethereum (ETH) Nears Critical $4,000 Level, but Profit-Taking Risk Looms: Market Top? appeared first on BeInCrypto.
Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and pulling altcoins with it. According to a July 23 CryptoQuant…
Ethereum is undergoing a similar pattern of aggressive loss realization as seen in the 2022 bear market.
A potential inflection hinges on the emergence of a strong demand-side absorption zone.
The Ethereum (ETH) whales have been buying during the recent downturn in the cryptocurrency market. They are taking advantage of the recent market crash to accumulate large quantities of Ethereum at what they seem to view as discounted prices.
Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months.
Crypto analyst/trader Tardigrade, known for his market insights, has made bold forecasts regarding Ethereum's potential to surpass the $10,000 mark - so what does he see that the rest of the market is missing?
Although there was a recent upsurge in the crypto market, many cryptocurrencies failed to maintain their uptrend. Altcoins like Ethereum (ETH) and Shiba Inu (SHIB) are currently on a downtrend and could fall to former lows.
Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum’s momentum and have led to mixed views on its future growth trajectory.
Solana's potential rise to 50% of Ethereum's market value could significantly alter the competitive dynamics within the cryptocurrency market.
The post Solana could hit 50% of Ethereum’s market value, predicts VanEck appeared first on Crypto Briefing.
The ongoing market crash has hit Ethereum’s ecosystem particularly hard. This is evident by simply observing the performance of altcoins from this sector. Lido DAO’s price has dropped by 27% today, making it the worst-performing altcoin among the top 100 by market cap.
The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season.
The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip.
Ethereum, one of the leading cryptocurrencies, finds itself amidst a price decline alongside the broader crypto industry. This downturn has been exacerbated by escalating tensions in the Middle East, casting a shadow of uncertainty over the market.
As cryptocurrencies witness substantial declines in trading volume following a bullish run, many are now seeking to establish new support levels. In this article, we delve into the market dynamics of Ethereum (ETH) and Solana (SOL) against the backdrop of bearish sentiments prevailing in the market.
Are we witnessing a seismic shift in the crypto market as Ethereum inches closer to Bitcoin in market cap? Bitcoin (BTC) and Ethereum (ETH) represent the twin pillars of the crypto market, collectively commanding nearly 70% of its total market…
The cryptocurrency market has thrived lately, with numerous altcoins experiencing gains over the past few weeks. Ethereum (ETH), the cryptocurrency ranked second by market capitalization, has crossed the $3,000 mark, signaling a significant achievement for the network.
Ethereum options trading volume has rallied to an all-time high in January.
The coin has seen a decline in open interest in its futures market.
With $17.9 billion recorded so far this month,The post Ethereum options trading volume hits $17B: Bull market incoming? appeared first on AMBCrypto.
Layah Heilpern's Ethereum strategy: Buy now, sell in the bull market, citing safety and growth potential. Ethereum's market cap and price are detailed.
The post Why This Crypto Investor Plans to Liquidate 100% of ETH During Bull Market appeared first on BeInCrypto.
Recent activity suggests that there’s a significant accumulation of Ethereum among some of the larger players in the market, often referred to as “whales”. The data was shared by on-chain analysts Lookonchain.
In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10. 31% of its value marking a highly negative performance for the prominent altcoin. However, most of this price loss was driven by a general market crash on Thursday, which saw about $1 billion wiped out from the total crypto market cap.
The Ethereum market capitalization has surpassed that of all the altcoins in the crypto market for the first time since February 2021. In a screenshot shared by a Twitter user, the Ethereum market cap, currently at $213.
Lido's dominance in the Ethereum staking market is problematic from the point of view centralization, say the co-founders of Asymmetry Finance. A decentralized market is critical for stability and smooth functionality, they maintain.
Key Takeaways 15% of the ETH supply had been locked until the Shanghai upgrade completed Thursday There was no extra selling pressure, however, with ETH leading the crypto market, up 4.6% today ETH has broken through the $2,000 barrier for the first time since May 2022 Ethereum stakers woke up for the first time in […]
The post Ethereum breaks $2,000 as Shanghai upgrade completes, leads crypto market appeared first on CoinJournal.
The cryptocurrency market cap saw net inflows of $21. 9 billion and currently stands at $1. 2 trillion — up 1. 9% from $1. 18 trillion. During the last 24 hours, the market caps of Bitcoin and Ethereum grew 1% and 4.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has regained its bullish momentum and is continuing its bull run. The cryptocurrency has managed to break multiple significant resistance levels since rebounding from the $1,000 area in November 2022, signaling a potential upward trend in the market.
With the crypto market rally slowing down already, digital assets in the space such as Ethereum (ETH) are already recording a decline in their prices. The second-largest cryptocurrency by market cap has closely followed the downtrend started by Bitcoin, falling once more to the $1,700 level.
Ethereum has already seen a slowdown in its price over the past couple of days. Now, while investors mainly seem indifferent to the crypto market at the moment, some whales have taken this time to fill up their bags.
Ethereum is currently following the general crypto market trend at this point and has been posting only slight gains in the last 24 hours. With the bear market in full swing, a large number of cryptocurrencies remain at risk of losing more of their value.
Ethereum Classic is the best performer amongst the top 50 cryptocurrencies by market cap today. ETC is up by more than 4% today and has added 21% to its value in the last seven days. The broader crypto market is underperforming after a positive start to the week.
Despite taking a painful hit in the wake of FTX’s collapse last month, Ethereum has offered traders some respite in the form of a sideways trading market.
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices.
Ether falls more than 9% at one point as traders “sell the fact” following a nearly seamless Ethereum Merge. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
Bitcoin is trading at $21. 3k after rejecting the $25k range and losing momentum since last night. Ethereum prices are down about 10% this Friday. With an 8% decline, the general Cryptocurrency market is trying to stay over the $1 trillion market cap threshold.
Ethereum and the crypto market slightly recovered some gains after the Federal Reserve (Fed) announced a 75-basis point (bps) interest rate hike. There was no surprise from the financial institutions, and the second crypto by market cap might be able to extend the bullish trend without external distractions.
Cryptocurrency markets are slowing down after an incredible bull run last week. Ethereum surged past $1,600 on Friday, with its 24-hour trading volume surpassing Bitcoin’s. Even with the global cryptocurrency markets losing momentum, ETH is managing to hold above the $1,500 level, with a current market capitalization of $185 billion, which could soon approach 50% […]
The post Ethereum Price Holds Above $1,500 Amid Crypto Market Retrace appeared first on NullTX.
Ethereum remains one of the most successful cryptocurrencies in the market, although its current price does leave a lot to be desired. It has not been spared from the general market downtrend that has rocked the crypto space and has since lost its footing above $3,000, a crucial point for the digital asset.
Key Takeaways Bloomberg is most bullish for Bitcoin and Ethereum. Their overall market utility is cited as a driving factor. Ethereum remains a key beneficiary of the increased use of stablecoins The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of […]
Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them.
Over the past 24 hours, Ethereum rival Solana (SOL) has overtaken Ripple’s XRP with a double-digit surge in price, achieving a staggering $65 billion market valuation and getting the title of the sixth most valuable cryptocurrency in the market.
The bulls have taken over the crypto market with Bitcoin and Ethereum recording gains across the board. A year ago, the price action that preceded the end of the year took the market into new highs.
Ethereum has recently taken hits along with the rest of the wider market. Numerous market dips and crashes have seen the digital asset crashing back down below $3,000 in recent weeks and this has left ETH in a struggling position.
The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery.
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure.
Market sentiment across the month of August has been largely bullish. Especially since some crypto-assets recovered significantly to touch their ATH levels once again. Ethereum hasn't been one of thosThe post Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario' appeared first on AMBCrypto.
The cumulative altcoin market cap rose by 16% over the last week, with one of the market's top gainers being Ethereum. Ahead of the London hard fork, the top alt has seen some decent weekly gains.
The crypto market is going down today, with Bitcoin falling by 1. 25% in the last 24 hours, and XRP, Solana, Dogecoin, and Hyperliquid (HYPE) falling by over 3%. The market capitalization of all tokens dropped by 1.
Ether, the native coin of the Ethereum blockchain, is the best performer among the top 10 cryptocurrencies by market cap. It is up 4.5% in the last 24 hours and is now trading above $3,200. The positive performance comes following the activation of the Fusaka upgrade, the second major upgrade by the network in 2025. […]
Quant crypto price has staged a strong recovery in the past few weeks, soaring from a low of $69.12 on November 21 to $95 today. So, will the QNT token continue rising as whales buy and as the exchange reserves dip? Quant crypto price has strong fundamentals Third-party data shows that the QNT network is […]
A crypto rally has ignited this week, with Bitcoin price surging above the important resistance level at $93,000 and the market capitalization of all coins rising by over $200 billion to $3. 1 trillion.
Ethereum developers are advancing a new zero-knowledge protocol that aims to bring stronger privacy to on-chain interactions, beginning with a cryptographically verified Secret Santa–style matching system.
A crypto crash is happening this month, erasing billions of dollars in market capitalization from top coins like Bitcoin, Ethereum, Tron, Dogecoin, and Shiba Inu. This plunge is a continuation of what happened in November when Bitcoin and most altcoins fell.
A crypto market crash happened in November, with the valuation of all tokens dropping by over 20%. This decline happened after the aftermath of the October 10th liquidation event. Bitcoin price dropped from a high of $126,300 in October to a low of $80,495, while most altcoins had a steeper dive. So, will the market […]
