Ethereum

Ether’s underperformance against Bitcoin may be nearing its end, with crypto analysts suggesting Ether is inching closer to the $4,000 psychological price point.&nbsp;
“I think the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months,” Into The Cryptoverse founder Benjamin Cowen said in a Dec. 4 X <a data-ct-non-breakable="null" href="https://x.com/intocryptoverse/status/1864329794361385099" rel="null" target="null" text="null" title="null">post</a>.&nbsp;
<h2 id="ether-to-strength-against-bitcoin-over-next-two-months">Ether to strength against Bitcoin over next two months&nbsp;</h2>
When the ETH/BTC ratio — a metric showing Ether’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) relative strength to Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) — <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-surge-expectations-crypto-traders-btc-all-time-highs" rel="null" target="null" text="null" title="null">reaches a possible low point</a>, many traders will begin speculating on a surge in Ether.&nbsp;
“I said my worst-case scenario was 0.03 and<a data-ct-non-breakable="null" href="https://x.com/hashtag/ETH?src=hashtag_click" rel="null" target="null" text="null" title="null"> </a>ETH/BTC went to 0.03187,” Cowen said.
At the time of publication, the ETH/BTC ratio is 0.03811 as Bitcoin crossed the $100,000 mark, according to TradingView <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/ETHBTC/" rel="null" target="null" text="null" title="null">data</a>. The ETH/BTC pair hit its all-time low of 0.00217 in December 2015.
He added that “historically<a data-ct-non-breakable="null" href="https://x.com/hashtag/ETH?src=hashtag_click" rel="null" target="null" text="null" title="null"> </a>ETH/BTC usually starts going up” in December or January.
<figure>
 <img alt="Cryptocurrencies, Markets" src="https://s3.cointelegraph.com/uploads/2024-12/019394a9-414a-7a06-ae34-00c238fe409d" title="">
 <figcaption style="text-align: center;">
 The ETH/BTC ratio is up 9.14% over the past 30 days. Source: TradingView
 </figcaption>
</figure>
It comes as Ether clocked a 5.5% gain over the past 24 hours, falling slightly short of tapping the $3,900 price level. At the time of publication, Ether was trading at $3,846, according to CoinMarketCap <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/ethereum/" rel="null" target="null" text="null" title="null">data</a>.
Meanwhile, Bitcoin recorded a 5.5% gain during the same period, with its current price at $101,345.
Pseudonymous crypto trader DCInvestor <a data-ct-non-breakable="null" href="https://x.com/iamDCinvestor/status/1864382871261073665" rel="null" target="null" text="null" title="null">told</a> their 250,800 X followers that “ETH has the preeminent lane for a reason, and it’s about to remind people why.”
<h2 id="eth-4-000-price-will-surprise-no-one">ETH $4,000 price will surprise ‘no one’</h2>
Bitwise Invest CEO Hunter Horsley said that “no one will be surprised when ETH crosses $4,000.” 
“There’s a lot of great L1s, but there’s room for multiple. Android, iOS, and Windows all co-exist and make different tradeoffs,” Horsley said in a Dec. 4 X <a data-ct-non-breakable="null" href="https://x.com/HHorsley/status/1864376166293127432" rel="null" target="null" text="null" title="null">post</a>.
“The pie is growing, and ETH has a big lane,” Horsley added.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-bottom-94k-btc-traders-kimchi-premium" rel="null" target="null" text="null" title="null">Bitcoin bottom at $94K? BTC traders regroup after ‘Kimchi premium’ flash crash</a>
Meanwhile, pseudonymous crypto trader MisterSpread said that reaching the $4,000 price level may result in a short squeeze pushing Ether’s price a further 25% higher.
“Once<a data-ct-non-breakable="null" href="https://x.com/search?q=%24ETH&amp;src=cashtag_click" rel="null" target="null" text="null" title="null"> </a>ETH breaks the $4,000 area, there is a high chance we see a God candle to $5,000,” MisterSpread said in an X <a data-ct-non-breakable="null" href="https://x.com/MisterSpread/status/1864328674692022480" rel="null" target="null" text="null" title="null">post</a>.
<h2 id="no-serious-competition-for-ethereum-in-the-short-term">No ‘serious competition’ for Ethereum in the short term</h2>
“Shorts kept &amp; keep piling up here, so watch the liquidation unfolds above $4k,” MisterSpread added.
Galaxy Digital head of research Alex Thorn recently told Cointelegraph Magazine he does not see any <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-is-poised-to-catch-up-with-bitcoin-and-solana-in-2025/" rel="null" target="null" text="null" title="null">serious competition for Ethereum at this time.&nbsp;</a>
“Ethereum is the world’s most decentralized, valuable and mature general-purpose blockchain,” Thorn said.
“I don’t see any blockchain ecosystem, including Bitcoin and Solana, coming close to unseating the Ethereum ecosystem as the mecca for decentralized applications.”
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-is-poised-to-catch-up-with-bitcoin-and-solana-in-2025/" rel="null" target="null" text="null" title="null">Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana?</a>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Analyst says ETH/BTC ’collapse is over’ as Ether reclaims $3.8K

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