Ethereum is behind, how long is that going to last?

Bitcoin has an unfair advantage in this cycle

During the crypto bull markets Bitcoin is usually the first asset to gain momentum. It leads the way for the other major digital assets including Ethereum. 

This time is no different. Actually maybe this time Bitcoin has a greater advantage over Ethereum. The number one reason: institutional demand is maturing. 

So is Ethereum doomed to stay behind or is it just a temporary setback.

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Ethereum is behind, how long is that going to last?

The takeaway

It is true that in this bear market recovery Ethereum is not looking so hot. ETH did follow the same trend as BTC over the same period, but it did so with a slower growth.

None of this is unexpected given the power of the Bitcoin ETFs narrative and the upcoming halving event. And actually when we look at the details, yes Ethereum underperformed Bitcoin in this sequence, but Ethereum’s price relative to Bitcoin is aligned with expectations.

So at the end of the day it is not really fair to say that Ethereum is falling behind.

We expect the ramp up of the Bitcoin ETFs as well as the halving to continue boosting Bitcoin for the rest of the year. But it is important to note that the SEC might approve some Ethereum ETFs this year. That would likely even out the score between the two leading crypto assets.

Regardless it is worth considering betting on both as part of your crypto portfolio.

Falling behind in the bear market recovery