{"id":650905,"date":"2024-10-31T21:00:11","date_gmt":"2024-10-31T21:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=650905"},"modified":"2024-10-31T11:40:22","modified_gmt":"2024-10-31T11:40:22","slug":"analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether\/","title":{"rendered":"Analyst Claims Ethereum ‘Is Not Dying,’ Bitcoin Surge No Threat To Ether"},"content":{"rendered":"

This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive.<\/p>\n

Related Reading: Cardano To Soar 22X? Analyst Sees Opportunity Despite On-Chain Decline<\/a><\/div>\n

In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting $73,000, Ethereum is struggling to hit its target of $4,000. The diverging performances between the two top digital assets now serve as an interesting sub-plot to an exciting week ahead for the general cryptocurrency industry.<\/p>\n

\"\"
Ether price up in the last seven days. Source: Coingecko<\/a><\/figcaption><\/figure>\n

Ethereum And Bitcoin- A Contrasting Story Of Market Run<\/strong><\/h2>\n

As the top two cryptocurrencies by market cap, it\u2019s natural for analysts and observers to take a second look at Ethereum and Bitcoin. While both digital assets have notched some gains, with Bitcoin rising by 1.90% and ETH by 2.59%, they still paint contradicting storylines.<\/p>\n

\n

$ETH<\/a> is moving according to plan but is underperforming BTC from the past few weeks.<\/p>\n

With the momentum gained, it is looking ready to head past the $2800 resistance zone and start a parabolic move towards my target of $4000.<\/p>\n

It’s time for ETH to outperform BTC. pic.twitter.com\/4mK8DVMd2c<\/a><\/p>\n

\u2014 Crypto General \ud83e\udd84 (@DaCryptoGeneral) October 29, 2024<\/a><\/p><\/blockquote>\n

As the top crypto, Bitcoin has led the recent market rally, surpassing the psychological $70,000 level and hitting $72,459.92. Last Tuesday, BTC tested the $73k level again, and analysts expect it will record another all-time high soon.<\/p>\n

In contrast, Ethereum\u2019s run has been sluggish, falling short of expectations. While ETH joined other coins in a mini-rally this week, its current price of $2,687 is still far from the analysts\u2019 target of $4,000.<\/p>\n

Ethereum is currently trading at $2,632. Chart: TradingView<\/a><\/figcaption><\/figure>\n

ETH\u2019s Recent Run- What Analysts Are Saying<\/strong><\/h2>\n

The contrasting price runs and milestones for both top cryptos have attracted some attention. For most analysts, Bitcoin\u2019s recent price performance validates its standing as the current top digital asset. Ethereum\u2019s struggles to hit the elusive $4k have been criticized by some traders and analysts, with many stating that Solana is now \u201cthe next Ethereum.\u201d<\/p>\n

\n

ETH is not dying.#ETH<\/a> \/ #BTC<\/a> is doing what it always does.<\/p>\n

I think ETH\/BTC bottoms this quarter and goes up in 2025.<\/p>\n

Once ETH\/BTC passes the 50D SMA, the bottom is in IMO.<\/p>\n

Still a risk ETH\/USD drops one more time in Nov\/Dec but hedging makes sense pic.twitter.com\/xAbg8Szi3N<\/a><\/p>\n

\u2014 Benjamin Cowen (@intocryptoverse) October 30, 2024<\/a><\/p><\/blockquote>\n

However, a few analysts still defend Ethereum and expect the blockchain to rebound soon. Benjamin Cowen, the founder and CEO of ITC, took to Twitter\/X to say that the Ethereum blockchain “is not dying.” In the same post, he shared that he expects ETH\/BTC to bottom this quarter and will make a run next year.<\/p>\n

\"\"<\/p>\n

Related Reading: Tether\u2019s $1 Billion USDT Mint On Tron: What\u2019s Fueling The Demand Surge?<\/a><\/div>\n

ETFs Also Show A Similar Storyline<\/strong><\/h3>\n

In addition to market prices, the spot ETFs market reflects Bitcoin\u2019s overall strength and Ethereum\u2019s recent struggles. According to recent data, Bitcoin ETFs attracted $870.1 million, compared to Ethereum\u2019s spot ETFs’ $7.6 million.<\/p>\n

While many are excited about Bitcoin\u2019s next price move, some are paying attention to ETH. Ethereum is now on the analysts\u2019 radar, and they are checking whether ETH can benefit from the same market factors pushing Bitcoin higher.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive. Related Reading: Cardano To Soar 22X? Analyst Sees Opportunity Despite On-Chain Decline In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting $73,000, Ethereum is struggling to hit its target of $4,000. The diverging performances between the two top digital assets now serve as an interesting sub-plot to an exciting week ahead for the general cryptocurrency industry. Ethereum And Bitcoin- A Contrasting Story Of Market Run As the top two cryptocurrencies by market cap, it\u2019s natural for analysts and observers to take a second look at Ethereum and Bitcoin. While both digital assets have notched some gains, with Bitcoin rising by 1.90% and ETH by 2.59%, they still paint contradicting storylines. $ETH is moving according to plan but is underperforming BTC from the past few weeks. With the momentum gained, it is looking ready to head past the $2800 resistance zone and start a parabolic move towards my target of $4000. It’s time for ETH to outperform BTC. pic.twitter.com\/4mK8DVMd2c \u2014 Crypto General \ud83e\udd84 (@DaCryptoGeneral) October 29, 2024 As the top crypto, Bitcoin has led the recent market rally, surpassing the psychological $70,000 level and hitting $72,459.92. Last Tuesday, BTC tested the $73k level again, and analysts expect it will record another all-time high soon. In contrast, Ethereum\u2019s run has been sluggish, falling short of expectations. While ETH joined other coins in a mini-rally this week, its current price of $2,687 is still far from the analysts\u2019 target of $4,000. ETH\u2019s Recent Run- What Analysts Are Saying The contrasting price runs and milestones for both top cryptos have attracted some attention. For most analysts, Bitcoin\u2019s recent price performance validates its standing as the current top digital asset. Ethereum\u2019s struggles to hit the elusive $4k have been criticized by some traders and analysts, with many stating that Solana is now \u201cthe next Ethereum.\u201d ETH is not dying.#ETH \/ #BTC is doing what it always does. I think ETH\/BTC bottoms this quarter and goes up in 2025. Once ETH\/BTC passes the 50D SMA, the bottom is in IMO. Still a risk ETH\/USD drops one more time in Nov\/Dec but hedging makes sense pic.twitter.com\/xAbg8Szi3N \u2014 Benjamin Cowen (@intocryptoverse) October 30, 2024 However, a few analysts still defend Ethereum and expect the blockchain to rebound soon. Benjamin Cowen, the founder and CEO of ITC, took to Twitter\/X to say that the Ethereum blockchain “is not dying.” In the same post, he shared that he expects ETH\/BTC to bottom this quarter and will make a run next year. Related Reading: Tether\u2019s $1 Billion USDT Mint On Tron: What\u2019s Fueling The Demand Surge? ETFs Also Show A Similar Storyline In addition to market prices, the spot ETFs market reflects Bitcoin\u2019s overall strength and Ethereum\u2019s recent struggles. According to recent data, Bitcoin ETFs attracted $870.1 million, compared to Ethereum\u2019s spot ETFs’ $7.6 million. While many are excited about Bitcoin\u2019s next price move, some are paying attention to ETH. Ethereum is now on the analysts\u2019 radar, and they are checking whether ETH can benefit from the same market factors pushing Bitcoin higher. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":650911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,4854,1946,8686],"class_list":["post-650905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-ether","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\nAnalyst Claims Ethereum 'Isn\u2019t Dying,' Bitcoin Surge No Threat To Ether<\/title>\n<meta name=\"description\" content=\"This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Claims Ethereum ‘Is Not Dying,’ Bitcoin Surge No Threat To Ether","url":"http:\/\/ktsl888.com\/news\/analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f04053.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f04053.jpg?fit=3301%2C2201"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","ether","ethereum","ethusd"],"dateCreated":"2024-10-31T21:00:11Z","datePublished":"2024-10-31T21:00:11Z","dateModified":"2024-10-31T21:00:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Claims Ethereum ‘Is Not Dying,’ Bitcoin Surge No Threat To Ether\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/analyst-claims-ethereum-isnt-dying-bitcoin-surge-no-threat-to-ether\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_f04053.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_f04053.jpg?fit=3301%2C2201\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"ether\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2024-10-31T21:00:11Z\",\"datePublished\":\"2024-10-31T21:00:11Z\",\"dateModified\":\"2024-10-31T21:00:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/a_f04053.jpg?fit=3301%2C2201","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/650905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=650905"}],"version-history":[{"count":6,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/650905\/revisions"}],"predecessor-version":[{"id":650915,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/650905\/revisions\/650915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/650911"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=650905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=650905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=650905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}