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Ethereum to Outshine Bitcoin in January 2025? Analyst Shares Bold Prediction
As the new year approaches, market analysts are increasingly making predictions about the performance of major cryptocurrencies like Bitcoin and Ethereum. The latest prediction comes from a prominent analyst who believes that Ethereum will outperform Bitcoin in January 2025.
According to the analyst, the market shift seen over the past two days could be an indication of what is to come for the remainder of the year. Specifically, it appears that there has been a significant change in the ETF flows (exchange-traded funds) between Bitcoin and Ethereum. While Bitcoin ETFs have experienced four consecutive daily outflows, Ethereum has actually recorded positive inflows worth $183 million over the same period.
This shift could be a significant turning point for both cryptocurrencies, with the analyst suggesting that Ethereum’s relative price performance against Bitcoin is likely to see a major boost in January. The prediction is based on historical data and trends, as well as seasonality patterns.
In order to confirm this prediction, it appears that the ETH/BTC ratio, which measures Ethereum’s price performance against Bitcoin, will need to break through its current resistance level at 0.04. At present, the ratio sits at around 0.033, but if the analyst is correct, we could see a significant rally in Ethereum’s price relative to Bitcoin.
The analyst also points out that there have been no instances since 2017 where Ethereum has not experienced significant gains during Q1 of the year. The data shows an average gain of 92% over this period, with January typically being a particularly strong month for the cryptocurrency.
In terms of the immediate price action, it appears that Ethereum’s current position is bullish in nature. This is because the asset’s price is currently trading above key moving averages. However, before any major moves can be expected, there is a significant level of resistance at $3,500 that needs to be breached.
If this prediction plays out as expected, it could have significant implications for both the Ethereum and Bitcoin markets. It remains to be seen whether or not these predictions come to pass, but one thing is certain: the cryptocurrency market will continue to be closely watched by traders and investors alike in the coming weeks and months.
Source: ambcrypto.com
