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Ethereum Forecasts Better Price Development than Bitcoin for Now

Bitcoin and Ethereum are both lead global cryptocurrencies. The US SEC’s approval of Bitcoin ETFs and potential Ethereum ETFs has sparked interest. Analysts from K33 Research suggest Ethereum may outperform Bitcoin, evidenced by the ETH-BTC ratio. With Mt. Gox’s Bitcoin release looming, experts recommend considering overweighting ETH in portfolios for potential gains amid current market dynamics.




Bitcoin (BTC) and Ethereum (ETH) have been unchallenged at the top of the list of the most important global cryptocurrencies for years.

After the US Securities and Exchange Commission (SEC) approved trading in Bitcoin ETFs in January, last week it signaled that it would abandon its resistance to Ethereum ETFs. Investors are wondering whether this is also a good time to adjust their portfolios. Analysts such as those from K33 Research believe that a period has begun in which the price curve of Ethereum will develop better in relation to Bitcoin.

The benchmark here is the so-called ETH-BTC ratio, which shows how much Bitcoin an Ethereum is worth

The data on this, for example from CoinGecko, actually shows that the SEC decision on Ethereum ETFs on May 23rd triggered a boost. The indicator is currently a good 0.056 for Ethereum to Bitcoin. Expert Joshua Lim from Arbelos Markets sets 0.06 as the next target. K33 also sees ETH at an advantage over Bitcoin, at least for the trading debut of Ethereum ETFs, and believes it makes sense to overweight ETH when investing in crypto.

In addition to the developments in ETFs, experts also cite the topic of Mt. Gox as relevant to the price. A good 140,000 Bitcoins worth around 9 billion US dollars were set in motion this week, which were secured from the Mt. Gox hack of 2014. They are to be paid out to victims of the hack in the coming months, which could put price pressure on Bitcoin. Ethereum is not directly affected by this, which also suggests that ETH is about to enter a phase in which the number two cryptocurrency outperformed Bitcoin.

Conclusion: Ethereum and Bitcoin – switching could be worthwhile

One thing is clear: Bitcoin and, in the future, Ethereum have a unique selling point with their ETFs in a regulated environment, which also attracts institutional investors. The ETH-BTC ratio as a guide for investment strategies works even when the price curves are falling.

So anyone who also believes that Ethereum is currently taking over the momentum can do the math to see whether a readjustment of their individual portfolio could pay off. Of course, factors such as tax issues and fees are also important. In the long term, however, there are no signs that Ethereum could shake Bitcoin’s throne as the leading crypto currency; the main focus is on taking advantage of a potentially profitable market situation.


(Featured image by Traxer via Unsplash)

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Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.