The altcoin market recently caught fire after its total market cap and individual crypto assets like Ethereum, Dash, and Litecoin began popping off and breaking through their downtrend resistance lines.
It resulted in over 50% returns in just over a month, however, according to the ETH/BTC trading pair, Ethereum may be poised for continued underperformance against Bitcoin. And with Ethereum often being a leading indicator for the rest of the altcoin market, Bitcoin dominance may continue to rise further causing altcoins to continue to bleed out.
Ethereum to Underperform Against Bitcoin For Foreseeable Future
Following Bitcoin and Ethereum’s side-by-side meteoric rise into stardom, both assets corrected significantly, resulting in an over 80% drawdown for Bitcoin and a 90% decline for Ethereum– along with a two-year-long bear market.
As the two assets dropped, Ethereum fell harder than the first-ever cryptocurrency, wiping out a larger percentage of value from its market cap from all-time high prices.
Related Reading | This Surprising Cryptocurrency May Hold Clues to Bitcoin and Ethereum’s Final Bottom
As the crypto market began to rebound in early 2019, Ethereum and the rest of the altcoin market continued to underperform against the leading cryptocurrency by market cap.
That underperformance looks to continue into 2020, according to one crypto analyst, who sees very little probability in Ethereum’s bottom being in on the ETH/BTC trading pair.
$ETH
Somehow the ETH bottom attempts are getting weaker, not stronger.There is a chance this is the bottom but I think it's pretty minuscule.Reclaim the "not bad" trading range and I'll change my tune.
Hard to ignore that this isn't a bullish chart, not yet anyway. pic.twitter.com/L14Xf7AexR
— DonAlt (@CryptoDonAlt) January 30, 2020
According to the analyst, each bottom attempt ETH makes against BTC has gotten weaker and weaker, not stronger, suggesting that more downside may be ahead.
Has ETH/BTC Bottomed, or Is More Downside Ahead for Altcoins?
While the analyst doesn’t rule out that the bottom could be in, he believes the chance is “pretty minuscule.”
The only thing that would get the analyst to consider a bullish alternative, is Ethereum reclaiming the “not bad” trading zone between 0.43 and 0.25 on the ratio.
While Bitcoin had fallen from $20,000 to $3,000, Ethereum had also fallen from $1,400 to $80. But at the same time, Ethereum had been trading at 0.125 on the ratio against Bitcoin but has fallen significantly to just 0.016 at the low.
Altcoins like Ethereum and many others have continued to bleed out against Bitcoin, but BTC dominance has been showing signs of potentially reversing, suggesting that altcoins could soon recover.
Related Reading | Ethereum, XRP Set For More Devastation According to BTC Dominance
But with Ethereum often leading the charge for altcoins alongside other big ten cryptos like Litecoin and XRP, its chart showing weakness against Bitcoin could indicate that alts have more to suffer before they catch up to their crypto big brother.
Has the number two cryptocurrency by market cap bottomed against Bitcoin? And is the crypto market ready for a new bull run? Let us know in the comments below.
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Ethereum is undergoing a similar pattern of aggressive loss realization as seen in the 2022 bear market.
A potential inflection hinges on the emergence of a strong demand-side absorption zone.
The Ethereum (ETH) whales have been buying during the recent downturn in the cryptocurrency market. They are taking advantage of the recent market crash to accumulate large quantities of Ethereum at what they seem to view as discounted prices.
Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months.
Crypto analyst/trader Tardigrade, known for his market insights, has made bold forecasts regarding Ethereum's potential to surpass the $10,000 mark - so what does he see that the rest of the market is missing?
Although there was a recent upsurge in the crypto market, many cryptocurrencies failed to maintain their uptrend. Altcoins like Ethereum (ETH) and Shiba Inu (SHIB) are currently on a downtrend and could fall to former lows.
Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum’s momentum and have led to mixed views on its future growth trajectory.
Solana's potential rise to 50% of Ethereum's market value could significantly alter the competitive dynamics within the cryptocurrency market.
The post Solana could hit 50% of Ethereum’s market value, predicts VanEck appeared first on Crypto Briefing.
The ongoing market crash has hit Ethereum’s ecosystem particularly hard. This is evident by simply observing the performance of altcoins from this sector. Lido DAO’s price has dropped by 27% today, making it the worst-performing altcoin among the top 100 by market cap.
The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season.
The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip.
Ethereum, one of the leading cryptocurrencies, finds itself amidst a price decline alongside the broader crypto industry. This downturn has been exacerbated by escalating tensions in the Middle East, casting a shadow of uncertainty over the market.
As cryptocurrencies witness substantial declines in trading volume following a bullish run, many are now seeking to establish new support levels. In this article, we delve into the market dynamics of Ethereum (ETH) and Solana (SOL) against the backdrop of bearish sentiments prevailing in the market.
Are we witnessing a seismic shift in the crypto market as Ethereum inches closer to Bitcoin in market cap? Bitcoin (BTC) and Ethereum (ETH) represent the twin pillars of the crypto market, collectively commanding nearly 70% of its total market…
The cryptocurrency market has thrived lately, with numerous altcoins experiencing gains over the past few weeks. Ethereum (ETH), the cryptocurrency ranked second by market capitalization, has crossed the $3,000 mark, signaling a significant achievement for the network.
Ethereum options trading volume has rallied to an all-time high in January.
The coin has seen a decline in open interest in its futures market.
With $17.9 billion recorded so far this month,The post Ethereum options trading volume hits $17B: Bull market incoming? appeared first on AMBCrypto.
Layah Heilpern's Ethereum strategy: Buy now, sell in the bull market, citing safety and growth potential. Ethereum's market cap and price are detailed.
The post Why This Crypto Investor Plans to Liquidate 100% of ETH During Bull Market appeared first on BeInCrypto.
Recent activity suggests that there’s a significant accumulation of Ethereum among some of the larger players in the market, often referred to as “whales”. The data was shared by on-chain analysts Lookonchain.
In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10. 31% of its value marking a highly negative performance for the prominent altcoin. However, most of this price loss was driven by a general market crash on Thursday, which saw about $1 billion wiped out from the total crypto market cap.
The Ethereum market capitalization has surpassed that of all the altcoins in the crypto market for the first time since February 2021. In a screenshot shared by a Twitter user, the Ethereum market cap, currently at $213.
Lido's dominance in the Ethereum staking market is problematic from the point of view centralization, say the co-founders of Asymmetry Finance. A decentralized market is critical for stability and smooth functionality, they maintain.
Key Takeaways 15% of the ETH supply had been locked until the Shanghai upgrade completed Thursday There was no extra selling pressure, however, with ETH leading the crypto market, up 4.6% today ETH has broken through the $2,000 barrier for the first time since May 2022 Ethereum stakers woke up for the first time in […]
The post Ethereum breaks $2,000 as Shanghai upgrade completes, leads crypto market appeared first on CoinJournal.
The cryptocurrency market cap saw net inflows of $21. 9 billion and currently stands at $1. 2 trillion — up 1. 9% from $1. 18 trillion. During the last 24 hours, the market caps of Bitcoin and Ethereum grew 1% and 4.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has regained its bullish momentum and is continuing its bull run. The cryptocurrency has managed to break multiple significant resistance levels since rebounding from the $1,000 area in November 2022, signaling a potential upward trend in the market.
With the crypto market rally slowing down already, digital assets in the space such as Ethereum (ETH) are already recording a decline in their prices. The second-largest cryptocurrency by market cap has closely followed the downtrend started by Bitcoin, falling once more to the $1,700 level.
Ethereum has already seen a slowdown in its price over the past couple of days. Now, while investors mainly seem indifferent to the crypto market at the moment, some whales have taken this time to fill up their bags.
Ethereum is currently following the general crypto market trend at this point and has been posting only slight gains in the last 24 hours. With the bear market in full swing, a large number of cryptocurrencies remain at risk of losing more of their value.
Ethereum Classic is the best performer amongst the top 50 cryptocurrencies by market cap today. ETC is up by more than 4% today and has added 21% to its value in the last seven days. The broader crypto market is underperforming after a positive start to the week.
Despite taking a painful hit in the wake of FTX’s collapse last month, Ethereum has offered traders some respite in the form of a sideways trading market.
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices.
Ether falls more than 9% at one point as traders “sell the fact” following a nearly seamless Ethereum Merge. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
Bitcoin is trading at $21. 3k after rejecting the $25k range and losing momentum since last night. Ethereum prices are down about 10% this Friday. With an 8% decline, the general Cryptocurrency market is trying to stay over the $1 trillion market cap threshold.
Ethereum and the crypto market slightly recovered some gains after the Federal Reserve (Fed) announced a 75-basis point (bps) interest rate hike. There was no surprise from the financial institutions, and the second crypto by market cap might be able to extend the bullish trend without external distractions.
Cryptocurrency markets are slowing down after an incredible bull run last week. Ethereum surged past $1,600 on Friday, with its 24-hour trading volume surpassing Bitcoin’s. Even with the global cryptocurrency markets losing momentum, ETH is managing to hold above the $1,500 level, with a current market capitalization of $185 billion, which could soon approach 50% […]
The post Ethereum Price Holds Above $1,500 Amid Crypto Market Retrace appeared first on NullTX.
Ethereum remains one of the most successful cryptocurrencies in the market, although its current price does leave a lot to be desired. It has not been spared from the general market downtrend that has rocked the crypto space and has since lost its footing above $3,000, a crucial point for the digital asset.
Key Takeaways Bloomberg is most bullish for Bitcoin and Ethereum. Their overall market utility is cited as a driving factor. Ethereum remains a key beneficiary of the increased use of stablecoins The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of […]
Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them.
Over the past 24 hours, Ethereum rival Solana (SOL) has overtaken Ripple’s XRP with a double-digit surge in price, achieving a staggering $65 billion market valuation and getting the title of the sixth most valuable cryptocurrency in the market.
The bulls have taken over the crypto market with Bitcoin and Ethereum recording gains across the board. A year ago, the price action that preceded the end of the year took the market into new highs.
Ethereum has recently taken hits along with the rest of the wider market. Numerous market dips and crashes have seen the digital asset crashing back down below $3,000 in recent weeks and this has left ETH in a struggling position.
The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery.
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure.
Market sentiment across the month of August has been largely bullish. Especially since some crypto-assets recovered significantly to touch their ATH levels once again. Ethereum hasn't been one of thosThe post Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario' appeared first on AMBCrypto.
The cumulative altcoin market cap rose by 16% over the last week, with one of the market's top gainers being Ethereum. Ahead of the London hard fork, the top alt has seen some decent weekly gains.
The recent 34.4% rally Bitcoin achieved stabilized the market after almost a month of a consolidated downtrend and the rally also reflected on Ethereum. When it comes to altcoins it is assumed they foThe post How profitable is Ethereum in the current market appeared first on AMBCrypto.
Ethereum, the market's largest alt, has been quite averse to any dramatic price action over the past few days. However, at the time of writing, the broader market seemed to be recovering from its lossThe post Ethereum: When is this the right time to enter the market? appeared first on AMBCrypto.
Ethereum's market has been limping of late due to persistent attacks by the market's bears. The asset, at press time, had lost nearly 50% of its value from its peak of $4,378. With ETH trading at $2,1The post Lessons Ethereum traders can take from its market right now appeared first on AMBCrypto.
Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day.
Times are tough and the market has moved from regular surges to phases of corrections. This occurred after almost a year of the rally by the cryptocurrency market which pushed its market capitalizatioThe post 'Ethereum has the largest piece of' this pie appeared first on AMBCrypto.
The cryptocurrency market is evidently going through yet another free-fall period. In fact, the price of a major asset like Bitcoin has dropped below $35,000. With Ethereum, the situation was a littleThe post What these Ethereum, Chainlink, Binance Coin market players are up to appeared first on AMBCrypto.
Crypto prices held steady in April, with Bitcoin rising by over 14% and most Solana meme coins making a strong comeback. This recovery may continue in May as trade tensions ease and investors rotate back to risky assets.
Ethereum price continued its downtrend in April as its demand waned. ETH dropped to a low of $1,383, its lowest level since March 2023. At its lowest level, the coin was down by 66% from its highest level in November last year.
Aztec Labs chief executive officer Zac Williamson explains why bringing privacy to Ethereum is more than a technical upgrade but a necessity. Zac Williamson is the co-founder and CEO of Aztec Labs, a layer-2 network focused on bringing privacy to…
The cryptocurrency market has recorded a significant recovery with Bitcoin price rallying past $90,000 for the first time since 7th March. Moving in tandem with the leading crypto, top altcoins and meme coins like Dogecoin have posted double-digit gains in the past seven days.
Crypto prices had a strong week, with most assets bouncing back after months of decline. The Crypto Fear and Greed Index has moved to the neutral zone of 56, while Bitcoin soared to $95,000 for the first time in over a month.
Arbitrum’s 2023 airdrop was among the most-watched developments in the Ethereum L2 sector. However, things went against expectations, and today, 97% of ARB holders are sitting at a loss, as per IntoTheBlock data.
Spot Ethereum ETFs in the U. S. just saw their biggest daily inflows since early February, signaling a potential turnaround after weeks of bearish sentiment. According to SoSoValue data, the nine U.
