Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst.
TradingView shows Ether’s (ETH) relative strength to Bitcoin (BTC) — the ETH/BTC ratio — is currently at 0.0356. MN Capital founder Michael van de Poppe said in a Dec. 24 X post that he “wouldn’t be surprised if $ETH / $BTC breaks through 0.04 in January.”
ETH strength may set off Ethereum ‘altcoin run’
The last time the ETH/BTC ratio tapped 0.04 was on Dec. 8, when ETH traded just above the $4,000 psychological price level at $4,018.
Van de Poppe predicts that while there will be more inflow into Ether in January 2025, Bitcoin may see outflows, leading to its price consolidating. He expects this to set off an “altcoin run in the Ethereum ecosystem.”
The ETH/BTC ratio is up 3.26% over the past 30 days. Source: TradingView
Shiba Inu (SHIB) and Mantle (MNT), the second and third-largest tokens in the Ethereum ecosystem outside of stablecoins, have respectively risen 7.10% and 3.32% in the past 24 hours.
Bitcoin has continued to trade below $100,000 at $98,805, according to CoinMarketCap data. It first reached the six-figure milestone price on Dec. 5.
Analysts eye spot Ether ETF outperformance
Some analysts say that spot Ether exchange-traded funds (ETF) may outperform Bitcoin ETFs in 2025.
ETF Store president Nate Geraci said in a Dec. 20 X post that “net inflows into ETH ETFs are “currently on pace w/ gold [ETFs], but I expect inflows to accelerate from here.”
Related: Why Ethereum maxis say ETH will be the ‘comeback kid’ of 2025
Pseudonymous crypto trader Brent echoed a similar sentiment, posting on X that “ETH is the most under-owned asset in the world. Study what happens to a ball forcibly held underwater.”
It comes not long after a crypto analyst said that Ether’s underperformance against Bitcoin may be nearing its end.
Into The Cryptoverse founder Benjamin Cowen wrote to X on Dec. 4 that he thinks “the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months.”
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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.