Ether is showing signs of breaking out compared to Bitcoin in January 2025, according to a cryptocurrency analyst's assessment.
At the time of writing, the relative strength ratio of Ether to Bitcoin (ETH/BTC) is currently at 0.0356. Michael van de Poppe, founder of MN Capital, shared on December 24 that he "wouldn't be surprised if the ETH/BTC ratio breaks above 0.04 in the coming January."
The last time the ETH/BTC ratio touched 0.04 was on December 8, when Ether's price traded above the psychological level of $4,000.
Van de Poppe predicts that capital inflows will continue to pour into Ether in January 2025, while Bitcoin may witness capital outflows, causing Bitcoin's price to stagnate. He believes this shift could trigger an "altcoin run" in the Ethereum ecosystem.
Over the past 24 hours, Shiba Inu (SHIB) and Mantle (MNT) - the second and third largest tokens in the Ethereum ecosystem besides stablecoins - have risen 7.1% and 3.32%, respectively.
Meanwhile, Bitcoin's price has remained below the $100,000 mark after first reaching the six-digit milestone on December 5.
Some analysts believe that Ether ETFs may outperform Bitcoin ETFs in 2025.
Nate Geraci, President of ETF Store, shared that "net inflows into ETH ETFs are currently on par with gold ETFs, but I expect inflows to accelerate from here."
Benjamin Cowen, founder of Into The Cryptoverse, wrote on X on December 4 that he believes "the downtrend in the ETH/BTC ratio has ended (or is close to ending), and this ratio will rise over the next 6-12 months."
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making any investment decisions. We are not responsible for your investment decisions.
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