Ethereum

Batman

Santa

Bitcoin

Rally

<p>For the past two years, Bitcoin has come roaring back from 2022’s crypto winter. It was a tough one-year correction cycle, complete with a rash of cash crunches and liquidations of some big names in blockchain.</p>
<p>The crash was so devastating that a few Web3 founders who broke the law even went to jail in the aftermath of that broad market correction.</p>
<p>But BTC – the oldest, longest, most secured Satoshi chain, steadily ratcheted support levels upward over 2023 before melting up this year.</p>
<h3 id="2025-ethereum-at-a-glance">2025: Ethereum at a Glance</h3>
<p>Meanwhile, Ethereum and altcoin prices have tracked along with Bitcoin’s rise. The second-largest cryptocurrency by market cap, however, has failed to move with the same gusto, pushing the little orange coin’s fortunes higher.</p>
<p>What characterizes Bitcoin is its avowed simplicity as a global calculator for small sums representing vast amounts of value locked in by a secure computer hash protocol and market forces.</p>
<p>By comparison, Ethereum is built to handle more complexity as a global computer for anything you want. The market appreciates its potential to reliably host powerful smart contracts on a network governed by rules enforced by computer programming rather than trusted rulers policed by civil authorities.</p>
<p>Ethereum’s biggest challenge at the moment is simplifying complexity rather than getting bogged down while remaining a truly automated protocol and round table for its users.</p>
<p>The smart contract platform’s co-founder, Vitalik Buterin, highlighted this challenge in a Dec. 7 post on X. “If Ethereum gave up on verifiability and accepted committees and centralized intermediaries for everything, I would consider it no longer Ethereum,” <a href="https://x.com/VitalikButerin/status/1865347847568179224" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">he wrote</a>.</p>
<p>While Ethereum’s lead team guides its development, here are five reasons crypto exchange values for its <a href="https://cryptopotato.com/ethereum-price-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH tokens</a> could eclipse BTC’s percentage growth over the next 60 days.</p>
<h2 id="1-ethereum-technical-analysis">1. Ethereum Technical Analysis</h2>
<p>As popular analyst Cryptos Batman recently told followers in a post on X, Ethereum’s price recently broke a 3-year bearish trend line. That could indicate a bullish trend reversal, with Ether taking flight like Bitcoin has in recent months.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Ethereum Breaks 3-Year Bearish Trendline</p>
 <p>For the first time in 3 years, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> has closed a candle body above its upper bearish trendline.</p>
 <p>This week’s retest is a healthy sign, setting the stage for a sustainable rally. Opportunities like this don’t come often. Don’t miss it! <a href="https://t.co/9iJe3PhXbL" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9iJe3PhXbL</a></p>
 <p>— BATMAN <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptosBatman) <a href="https://twitter.com/CryptosBatman/status/1866090920921194783?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<blockquote>
 <p>“For the first time in 3 years, $ETH has closed a candle body above its upper bearish trendline,” Cryptos Batman wrote. “This week’s retest is a healthy sign, setting the stage for a sustainable rally. Opportunities like this don’t come often. Don’t miss it!”</p>
</blockquote>
<h2 id="2-excellent-trump-bump-prospects">2. Excellent Trump Bump Prospects</h2>
<p>In addition to a strong technical backdrop for an Ether bull run, the political/regulatory situation for the asset could hardly be more favorable.</p>
<p>A pro-growth crypto policy <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">was a</a> signature promise of Trump’s campaign. That’s great for the blockchain industry overall but could be especially auspicious for Ethereum prices at exchange.</p>
<p>Ethereum and its ERC20s were always less safe than Bitcoin from regulatory uncertainty, so its price stands more to gain from a pro-growth administration that’s friendly to the decentralized finance business.</p>
<h2 id="3-santa-claus-rally-for-ethereum-incoming">3. Santa Claus Rally for Ethereum Incoming?</h2>
<p>In the history of liquid financial markets for tradable assets like stocks and cryptocurrencies, there is usually a “Santa Claus” or year-end price rally that extends into January. Often this is the most profitable part of the calendar when these assets make their greatest gains on exchange markets.</p>
<p>So far, this pattern has held up in the experience of Bitcoin and altcoin markets, with BTC and alts like Ethereum making big leaps up the chart in December and January.</p>
<p>During the most recent Santa Claus rally immediately following a Bitcoin halving in 2020-21, like the current December to January period for 2024-2025, ETH’s price performance far surpassed that of BTC.</p>
<p>Here are the figures for that cycle:</p>
<p>Bitcoin’s high price on Dec. 21, 2022 <a href="https://finance.yahoo.com/quote/BTC-USD/history/?period1=1608508800&amp;period2=1610928000" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">was $24,059</a>. But by Jan. 18, 2023, its top was $37,299. Meanwhile, Ethereum’s high price on Dec. 21, 2022 <a href="https://finance.yahoo.com/quote/ETH-USD/history/?period1=1608508800&amp;period2=1610928000" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">was $646</a>. By Jan. 18, 2023, however, Ether traded at a high of $1,259. So BTC rallied by 55% while ETH jumped by 95%.</p>
<h2 id="4-btc-crushed-already-aths-in-24-ether-s-waiting">4. BTC Crushed Already ATHs in ‘24, Ether’s Waiting</h2>
<p>As long as the fundamentals of value proposition and market conditions remain in line, the tendency of “mean reversion” or a return to the average trend line remains an important factor to consider in a cryptocurrency’s price.</p>
<p>What goes up <a href="https://cryptopotato.com/bitcoin-long-term-holders-drive-profit-taking-spree-but-funding-rates-signal-market-stability-bitfinex/" data-wpel-link="internal" rel="noopener noreferrer nofollow">must come</a> down and what stays down has no where to go but back up again. Accordingly, average Ethereum prices on crypto exchanges look like they’re <a href="https://cryptopotato.com/experts-predict-ethereums-clear-path-to-ath-amid-bullish-structural-shifts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">fixing to</a> do just that in the markets up ahead.</p>
<p>Bitcoin has already melted up the chart in a way that Ether hasn’t so far on this macro market halving cycle. Remember, Bitcoin has already blown past its previous all-time high prices. Ethereum has yet to mark its past record high on this cycle. That means alt season is still ahead of us if markets retrace past crypto trends.</p>
<h2 id="5-institutions-are-catching-up-to-ethereum">5. Institutions Are Catching Up to Ethereum</h2>
<p>While Bitcoin is firmly in the regulated and safe column for institutional investors on Wall Street, altcoins have yet to reach this “most favored nation” status with US financial and commodities regulators.</p>
<p>Ethereum stands out from the rest of the altcoins in that it appears to be well on its way to Bitcoin’s level of mainstream acceptance. At least it has spot ETF products for regulated investors like Bitcoin.</p>
<p><span style="box-sizing: border-box; margin: 0px; padding: 0px;">However, the trend&nbsp;<a href="https://finance.yahoo.com/news/ethereum-poised-potential-97-surge-081305296.html" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">toward increased</a> institutional adoption of Ethereum is a tailwind for its price, which markets are&nbsp;<a href="https://cryptopotato.com/institutional-adoption-64-of-investors-to-increase-their-crypto-allocations-in-3-years/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">counting on</a> as the exchanges continuously revise the valuation for Ether.</span></p>
<p>The post <a href="https://cryptopotato.com/5-reasons-ethereum-could-outperform-bitcoin-in-dec-and-jan/" rel="noopener noreferrer nofollow">5 Reasons Ethereum Could Outperform Bitcoin in Dec and Jan</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

5 Reasons Ethereum Could Outperform Bitcoin in Dec and Jan

Table of Contents

CryptoPotato_News

Other articles published on Dec 14, 2024

Why Morocco Legalized Crypto After Ban in 2017

VeChain Breaks Key Resistance: Is $0.10 the Next Target for VET?

Tomarket Partners with Aptos Foundation to Launch $TOMA and Build Future Products on Aptos

Why 98% of 2024 NFT Drops Are Dead

Will Kaspa Price Hit $3 in 2025? Can KAS Make You Rich?

MicroStrategy Joins Nasdaq-100, Bringing Bitcoin to Billions

Join our free newsletter for daily crypto updates!