Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Ethereum Turn Bitcoin? Crypto analyst explains how
Bitcoin

Will Ethereum Turn Bitcoin? Crypto analyst explains how

2023-10-02No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) is the largest cryptocurrency always dominated the headlines and pushes the mainstream hype around cryptocurrencies. In terms of performance, it is no news that Ethereum (ETH) has trailed BTC in recent years. However, according to crypto analyst Dave the Wave, Ethereum could outperform Bitcoin in the coming years.

a different perspective

Dave the Wave took to social media to share his thoughts on Ethereum/Bitcoin price action. The current trajectory shows that Ethereum has fallen in performance against Bitcoin since the beginning of the year.

A deeper examination shows that Ethereum follows a pattern of lower highs and lower lows, which is indicative of an ongoing downtrend. However, according to the pseudonymous crypto analyst, a larger time frame gives a better picture of the overall situation.

“The longer time frame trumps the shorter one and helps predict future price action, which is what speculation is all about, as opposed to simply describing recent past price action,” he said.

ETH/BTC

Careful with [shorter-term] in retrospect – it’s a series of lower highs until it isn’t.

The longer the time frame is more important than the shorter…. and helps predict future price action, which is what speculation is all about, as opposed to simply describing recent past prices… pic.twitter.com/kMrqN3istb

— dave de wave🌊🌓 (@davthewave) September 29, 2023

A closer look at a multi-year time frame shows that a bearish wedge has formed in the performance of the Ethereum/Bitcoin pair since July 2022. The current situation shows that the formation of this wedge may be nearing its end, indicating a decrease in downward momentum and a potential trend reversal.

See also  Bitcoin: Why, Despite MicroStrategy's Belief, Are Profits Elusive?

This possible reversal is echoed by the Fibonacci indicator, which shows that the downtrend is at the 0.236 level.

Can Ethereum Outperform Bitcoin?

Ethereum has often outperformed Bitcoin for periods stretching for months at a time. The ecosystem also has a few key advantages over BTX that could help it perform better in the coming years.

While Bitcoin is still the leading cryptocurrency, Ethereum looks set to gain more mainstream popularity in the coming years. Like more projects and blockchains are built and connected to the Ethereum networkwe could see Ethereum flip Bitcoin in performance as early as next year.

BTC remains the primary vehicle for wealth creation

Bitcoin still remains the most important vehicle for building wealth in both the crypto and traditional markets. According to Dave The Wave, Bitcoin is poised to continue this trajectory for the coming years before they become fully capitalized and reach the same level as the traditional markets. The analyst makes this prediction by dividing a logarithmic growth curve, which shows that BTC still has a greater chance of growth in the longer term.

Bitcoin price chart

BTC chart for growth | Source: X

Bitcoin in particular has led the crypto markets in gains over the past week. Meanwhile, Ethereum has also posted a 9.82% gain in a seven-day span and is currently trading at $1,730. However, Ethereum is facing resistance at USD 1,750 which could force a downward correction.

Ethereum price chart from Tradingview.com (Ethereum flip Bitcoin crypto analyst)

ETH price looks strong above $1,700 | Source: ETHUSD on Tradingview.com

Featured image of StealthEX, chart from Tradingview.com



Source link

Analyst Bitcoin Crypto Ethereum explains turn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Solana Faces Resistance Above $20! Will the SOL price initiate another decline?

2023-05-31

Hashdex Files Amended S-1 for Crypto ETF as BTC ETFs Reach $3.3 Billion Milestone

2024-11-27

ADA On Fire: Cardano 80% rise creates 1,700% bullish forecast

2024-11-13
Editors Picks

Metaplanet’s crypto fundraising plan: aims to purchase 652 Bitcoins

2024-11-29

Biden calls for an end to tax loopholes that “wealthy crypto investors” take advantage of

2023-05-09

Floki: Analyze the impact of 30B Whale Dump on the Memecoin

2025-01-28

Serenity Shield launches revolutionary global network to end dependency on centralized data storage

2024-05-22
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

Bitcoin -price could prepare for a new wave of volatility – this is why

Scalable L1 Power Meme -Munten

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,464.212.38%
  • ethereumEthereum(ETH)$2,565.673.93%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.444.76%
  • binancecoinBNB(BNB)$652.951.95%
  • solanaSolana(SOL)$175.695.54%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2343939.39%
  • cardanoCardano(ADA)$0.773.44%
  • tronTRON(TRX)$0.2726510.38%
  • suiSui(SUI)$3.964.82%
  • chainlinkChainlink(LINK)$16.256.41%
  • avalanche-2Avalanche(AVAX)$23.605.69%
  • stellarStellar(XLM)$0.2957224.11%
  • shiba-inuShiba Inu(SHIB)$0.0000157.73%
  • hyperliquidHyperliquid(HYPE)$26.681.47%
  • hedera-hashgraphHedera(HBAR)$0.1995675.42%
  • bitcoin-cashBitcoin Cash(BCH)$405.994.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-3.72%
  • the-open-networkToncoin(TON)$3.184.03%
  • litecoinLitecoin(LTC)$101.824.37%
  • polkadotPolkadot(DOT)$4.895.39%
  • moneroMonero(XMR)$342.872.22%
  • bitget-tokenBitget Token(BGB)$5.225.48%
  • pepePepe(PEPE)$0.00001414.58%
  • piPi(PI)$0.7512.24%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.308.93%
  • bittensorBittensor(TAO)$435.633.69%
  • aaveAave(AAVE)$241.908.42%
  • nearNEAR Protocol(NEAR)$2.918.06%
  • aptosAptos(APT)$5.293.63%
  • okbOKB(OKB)$53.470.86%
  • ondo-financeOndo(ONDO)$0.976.18%
  • kaspaKaspa(KAS)$0.1168434.36%
  • internet-computerInternet Computer(ICP)$5.435.15%
  • ethereum-classicEthereum Classic(ETC)$18.994.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.424.21%
  • gatechain-tokenGateToken(GT)$21.771.14%
  • crypto-com-chainCronos(CRO)$0.1003203.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2434815.16%
  • vechainVeChain(VET)$0.0293386.19%
  • mantleMantle(MNT)$0.741.85%
  • render-tokenRender(RENDER)$4.816.43%
  • ethenaEthena(ENA)$0.40168112.35%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • cosmosCosmos(ATOM)$5.086.97%
  • filecoinFilecoin(FIL)$2.977.25%
  • algorandAlgorand(ALGO)$0.2299876.83%
  • bitcoinBitcoin(BTC)$105,464.212.38%
  • ethereumEthereum(ETH)$2,565.673.93%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.444.76%
  • binancecoinBNB(BNB)$652.951.95%
  • solanaSolana(SOL)$175.695.54%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2343939.39%
  • cardanoCardano(ADA)$0.773.44%
  • tronTRON(TRX)$0.2726510.38%
  • suiSui(SUI)$3.964.82%
  • chainlinkChainlink(LINK)$16.256.41%
  • avalanche-2Avalanche(AVAX)$23.605.69%
  • stellarStellar(XLM)$0.2957224.11%
  • shiba-inuShiba Inu(SHIB)$0.0000157.73%
  • hyperliquidHyperliquid(HYPE)$26.681.47%
  • hedera-hashgraphHedera(HBAR)$0.1995675.42%
  • bitcoin-cashBitcoin Cash(BCH)$405.994.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-3.72%
  • the-open-networkToncoin(TON)$3.184.03%
  • litecoinLitecoin(LTC)$101.824.37%
  • polkadotPolkadot(DOT)$4.895.39%
  • moneroMonero(XMR)$342.872.22%
  • bitget-tokenBitget Token(BGB)$5.225.48%
  • pepePepe(PEPE)$0.00001414.58%
  • piPi(PI)$0.7512.24%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.308.93%
  • bittensorBittensor(TAO)$435.633.69%
  • aaveAave(AAVE)$241.908.42%
  • nearNEAR Protocol(NEAR)$2.918.06%
  • aptosAptos(APT)$5.293.63%
  • okbOKB(OKB)$53.470.86%
  • ondo-financeOndo(ONDO)$0.976.18%
  • kaspaKaspa(KAS)$0.1168434.36%
  • internet-computerInternet Computer(ICP)$5.435.15%
  • ethereum-classicEthereum Classic(ETC)$18.994.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.424.21%
  • gatechain-tokenGateToken(GT)$21.771.14%
  • crypto-com-chainCronos(CRO)$0.1003203.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2434815.16%
  • vechainVeChain(VET)$0.0293386.19%
  • mantleMantle(MNT)$0.741.85%
  • render-tokenRender(RENDER)$4.816.43%
  • ethenaEthena(ENA)$0.40168112.35%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • cosmosCosmos(ATOM)$5.086.97%
  • filecoinFilecoin(FIL)$2.977.25%
  • algorandAlgorand(ALGO)$0.2299876.83%