
Ethereum to Outshine Bitcoin in January 2025? Analyst Shares Bold Prediction
In a surprising turn of events, a crypto analyst has predicted that Ethereum (ETH) will outperform Bitcoin (BTC) in January 2025. This prediction is based on several key factors and market trends.
According to the analyst, the shift seen in ETF flows and seasonality data supports this outlook. Notably, U.S. spot BTC ETFs have witnessed four consecutive daily outflows, whereas ETH has recorded positive inflows worth $183 million over the past two days. This significant disparity could be a catalyst for ETH’s growth.
Furthermore, the analyst noted that the ETH/BTC ratio may surpass 0.04 in January, which would translate to a staggering 20% rally in ETH against BTC. This projection is particularly interesting as it aligns with historical trends. However, the 0.04 mark has served as a short-term resistance since November, potentially limiting the upside.
It’s worth noting that while two days of ETF flow data may not be enough to accurately predict medium-term shifts, seasonality data suggests this prediction could come to fruition. Since 2017, ETH has consistently experienced its strongest price growth in Q1, with an average gain of 92%. Moreover, January historically proves to be the best month for ETH, boasting a remarkable average gain of 23%.
In terms of technical analysis, the immediate support level that could trigger a bullish reversal lies at $3.5K. As the current market trend is above key moving averages, this threshold may attract more traders and spark an uptrend.
While some might view this prediction as speculative or overly optimistic, others see it as an opportunity to capitalize on potential gains.
Source: ambcrypto.com