Crypto Analyst Crypto Kaleo He explained why he believes Bitcoin will continue to outperform Ethereum in the short term. He made this argument based on his own beliefs. Spot Ethereum ETF As many people expect, there will be no immediate impact on the price of ETH.
Bitcoin will outperform Ethereum for now
Crypto Kaleo is stated on X (formerly Twitter). post He said he doesn’t believe the hype surrounding the Spot Ethereum ETF launching next week will have the following consequences: Ethereum outperforms BitcoinInstead, he predicts ETH will underperform its Bitcoin counterpart next week. He noted that the hype surrounding the launch of a spot Ethereum ETF is justified, but suggested that Ethereum won’t outperform Bitcoin until “a few months down the road.”
Cryptocurrency analysts say: Michael Van de Poppe We have previously predicted that these spot Ethereum ETFs would bring about a massive move for Ethereum and suggested that these funds could start Ethereum. Altcoin Season Ethereum and other altcoins are outperforming Bitcoin. Crypto analyst Linda predict I think these Ethereum ETFs will push the price of ETH to $4,000 soon.
However, Crypto Kaleo suggests that the market should not be too optimistic about an immediate price surge for these Spot Ethereum ETFs. Coming out next week. Cryptocurrency analysts have raised the possibility that another launch could follow the same playbook. News Sales EventHe said that this is how things often work out and hinted that it is likely to be the case.
Crypto Kaleo believes there is no need to worry if the Spot Ethereum ETF launch turns out to be another sell-off news event. He said the development would be an “absolute gift” to those who are really bullish on this market cycle. He added that the market is still heading “much higher” from here and that market participants may need a little more patience before “the fun really starts.”
There is no doubt about Ethereum’s bullish outlook
According to predictions from several cryptocurrency analysts, Tyler DurdenThere is no doubt about the bullish outlook for Ethereum, with the crypto token expected to move much higher in the second half. Bull Running. more suggested It is inevitable that Ethereum will rise to $10,000, and this rapid price surge is due to the spot Ethereum ETF.
Cryptocurrency analyst Altcoin Daily also As previously mentioned Ethereum’s run to $10,000 was “programmed,” and the second-largest cryptocurrency by market cap was highlighted as one of the reasons why it was able to enjoy such a price surge: the spot Ethereum ETF. The spot Ethereum ETF is expected to bring new money into the Ethereum ecosystem, which will help drive up the price of ETH.
Matt Hougan, Chief Investment Officer (CIO) of Bitwise Recent Forecasts These funds could raise as much as $15 billion in their first month of trading, according to research firm K33. predict The fund could raise up to $4.8 billion in trading in its first five months, it said.
Featured image made with Dall.E, charts from Tradingview.com