• bitcoinBitcoin (BTC) $ 110,621.00
  • ethereumEthereum (ETH) $ 4,299.40
  • xrpXRP (XRP) $ 2.82
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 849.97
  • solanaSolana (SOL) $ 208.46
  • usd-coinUSDC (USDC) $ 0.999810
  • staked-etherLido Staked Ether (STETH) $ 4,286.79
  • dogecoinDogecoin (DOGE) $ 0.214405
  • tronTRON (TRX) $ 0.337228
  • cardanoCardano (ADA) $ 0.829822
  • wrapped-stethWrapped stETH (WSTETH) $ 5,199.98
  • chainlinkChainlink (LINK) $ 23.26
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,625.27
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,375.00
  • ethena-usdeEthena USDe (USDE) $ 0.999664
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • hyperliquidHyperliquid (HYPE) $ 44.36
  • bitcoin-cashBitcoin Cash (BCH) $ 596.51
  • suiSui (SUI) $ 3.29
  • wrapped-eethWrapped eETH (WEETH) $ 4,604.31
  • stellarStellar (XLM) $ 0.361303
  • avalanche-2Avalanche (AVAX) $ 24.46
  • wethWETH (WETH) $ 4,295.14
  • hedera-hashgraphHedera (HBAR) $ 0.218342
  • leo-tokenLEO Token (LEO) $ 9.55
  • crypto-com-chainCronos (CRO) $ 0.256275
  • litecoinLitecoin (LTC) $ 111.15
  • usdsUSDS (USDS) $ 0.999466
  • the-open-networkToncoin (TON) $ 3.15
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.231997
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,681.00
  • whitebitWhiteBIT Coin (WBT) $ 42.47
  • polkadotPolkadot (DOT) $ 3.79
  • uniswapUniswap (UNI) $ 9.43
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.97
  • moneroMonero (XMR) $ 266.85
  • aaveAave (AAVE) $ 314.75
  • daiDai (DAI) $ 0.998999
  • ethenaEthena (ENA) $ 0.688331
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.11
  • okbOKB (OKB) $ 164.69
  • ethereum-classicEthereum Classic (ETC) $ 20.64
  • jito-staked-solJito Staked SOL (JITOSOL) $ 255.47
  • bittensorBittensor (TAO) $ 320.12
  • nearNEAR Protocol (NEAR) $ 2.43
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.286054
  • ondo-financeOndo (ONDO) $ 0.949458
  • aptosAptos (APT) $ 4.28
  • usdt0USDT0 (USDT0) $ 0.999796
  • pi-networkPi Network (PI) $ 0.343644
  • usd1-wlfiUSD1 (USD1) $ 0.999394
  • arbitrumArbitrum (ARB) $ 0.495437
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,301.39
  • internet-computerInternet Computer (ICP) $ 4.81
  • story-2Story (IP) $ 7.81
  • binance-staked-solBinance Staked SOL (BNSOL) $ 222.91
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.082873
  • cosmosCosmos Hub (ATOM) $ 4.41
  • vechainVeChain (VET) $ 0.023581
  • algorandAlgorand (ALGO) $ 0.230401
  • gatechain-tokenGate (GT) $ 16.84
  • susdssUSDS (SUSDS) $ 1.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.47
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,891.82
  • fasttokenFasttoken (FTN) $ 4.51
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030330
  • kucoin-sharesKuCoin (KCS) $ 14.98
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,514.38
  • render-tokenRender (RENDER) $ 3.42
  • worldcoin-wldWorldcoin (WLD) $ 0.880674
  • sei-networkSei (SEI) $ 0.283791
  • bfusdBFUSD (BFUSD) $ 0.999454
  • official-trumpOfficial Trump (TRUMP) $ 8.43
  • skySky (SKY) $ 0.071409
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.40
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,524.09
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.614211
  • bonkBonk (BONK) $ 0.000020
  • filecoinFilecoin (FIL) $ 2.27
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,645.16
  • jupiter-exchange-solanaJupiter (JUP) $ 0.497762
  • usdtbUSDtb (USDTB) $ 0.999641
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,584.00
  • flare-networksFlare (FLR) $ 0.020557
  • memecoreMemeCore (M) $ 0.886424
  • quant-networkQuant (QNT) $ 100.51
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999846
  • xdce-crowd-saleXDC Network (XDC) $ 0.079462
  • falcon-financeFalcon USD (USDF) $ 0.999004
  • pump-funPump.fun (PUMP) $ 0.003765
  • tether-goldTether Gold (XAUT) $ 3,529.70
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,537.69
  • hash-2Provenance Blockchain (HASH) $ 0.026716
  • fourFour (FORM) $ 3.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,627.45
  • injective-protocolInjective (INJ) $ 12.95
  • optimismOptimism (OP) $ 0.707880
  • nexoNEXO (NEXO) $ 1.25
  • celestiaCelestia (TIA) $ 1.59
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 236.75
  • paypal-usdPayPal USD (PYUSD) $ 0.999705
  • wbnbWrapped BNB (WBNB) $ 850.20
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,311.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996945
  • blockstackStacks (STX) $ 0.626214
  • lido-daoLido DAO (LDO) $ 1.19
  • curve-dao-tokenCurve DAO (CRV) $ 0.757023
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999951
  • spx6900SPX6900 (SPX) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,548.49
  • aerodrome-financeAerodrome Finance (AERO) $ 1.11
  • sonic-3Sonic (S) $ 0.307044
  • immutable-xImmutable (IMX) $ 0.508234
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • super-oethSuper OETH (SUPEROETH) $ 4,301.81
  • msolMarinade Staked SOL (MSOL) $ 275.68
  • saros-financeSaros (SAROS) $ 0.362666
  • the-graphThe Graph (GRT) $ 0.088745
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,488.00
  • raydiumRaydium (RAY) $ 3.39
  • pyth-networkPyth Network (PYTH) $ 0.157691
  • conflux-tokenConflux (CFX) $ 0.173354
  • flokiFLOKI (FLOKI) $ 0.000091
  • clbtcclBTC (CLBTC) $ 112,585.00
  • kaiaKaia (KAIA) $ 0.146900
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,275.68
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,294.96
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,149.92
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.37
  • dogwifcoindogwifhat (WIF) $ 0.797602
  • fartcoinFartcoin (FARTCOIN) $ 0.787461
  • theta-tokenTheta Network (THETA) $ 0.780326
  • vaultaVaulta (A) $ 0.483704
  • tezosTezos (XTZ) $ 0.724602
  • pendlePendle (PENDLE) $ 4.52
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.35
  • iotaIOTA (IOTA) $ 0.184321
  • galaGALA (GALA) $ 0.015953
  • ousgOUSG (OUSG) $ 112.42
  • ripple-usdRipple USD (RLUSD) $ 0.999269
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.06
  • jito-governance-tokenJito (JTO) $ 1.87
  • jasmycoinJasmyCoin (JASMY) $ 0.014195
  • build-onBUILDon (B) $ 0.681838
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997538
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • the-sandboxThe Sandbox (SAND) $ 0.274748
  • newton-projectAB (AB) $ 0.008806
  • zcashZcash (ZEC) $ 40.95
  • stader-ethxStader ETHx (ETHX) $ 4,582.83
  • tbtctBTC (TBTC) $ 110,060.00
  • flowFlow (FLOW) $ 0.400745
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,295.24
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • morphoMorpho (MORPHO) $ 1.87
  • walrus-2Walrus (WAL) $ 0.426597
  • loaded-lionsLoaded Lions (LION) $ 0.020052
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,730.15
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,623.03
  • decentralandDecentraland (MANA) $ 0.299493
  • usual-usdUsual USD (USD0) $ 0.998208
  • swethSwell Ethereum (SWETH) $ 4,691.21
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.214460
  • global-dollarGlobal Dollar (USDG) $ 0.999701
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,697.00
  • beldexBeldex (BDX) $ 0.073883
  • bitcoin-svBitcoin SV (BSV) $ 26.18
  • syrupMaple Finance (SYRUP) $ 0.465987
  • vision-3Vision (VSN) $ 0.160308
  • ether-fiEther.fi (ETHFI) $ 1.09
  • starknetStarknet (STRK) $ 0.122256
  • true-usdTrueUSD (TUSD) $ 0.998193
  • frax-etherFrax Ether (FRXETH) $ 4,266.10
  • heliumHelium (HNT) $ 2.57
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,006.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,302.57
  • neoNEO (NEO) $ 6.47
  • dydx-chaindYdX (DYDX) $ 0.587577
  • apecoinApeCoin (APE) $ 0.569626
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998873
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007590
  • apenftAPENFT (NFT) $ 0.00000045
  • based-brettBrett (BRETT) $ 0.045098
  • usddUSDD (USDD) $ 0.999098
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 230.31
  • coredaoorgCore (CORE) $ 0.424963
  • savings-daiSavings Dai (SDAI) $ 1.16
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 29.94
  • instadappFluid (FLUID) $ 6.26
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999809
  • sun-tokenSun Token (SUN) $ 0.022077
  • dexeDeXe (DEXE) $ 7.36
  • thorchainTHORChain (RUNE) $ 1.19

Why Betting Against Ethereum Now Could Be a Mistake

0 49

Why Betting Against Ethereum Now Could Be a Mistake

Story Highlights

  • ETH/BTC hits key support, signaling potential for a strong Ethereum comeback.

  • Ignoring Ethereum now could mean missing out on significant future gains.

  • Despite challenges, Ethereum’s history and momentum suggest a rally may be near.

Ethereum, the second-largest cryptocurrency by market cap, has been under immense pressure recently. Over the last six weeks, it has dropped 18% against Bitcoin. However, crypto analyst Merlijn argues that it’s too early to write off Ethereum’s potential, as history shows it could make a strong comeback.

ETH/BTC Pair Shows Key Support Zone

According to crypto trader Merlijin The Trader, the ETH/BTC chart reveals a consistent decline over the last six weeks, but it’s now testing a critical support zone. This area, marked in green on Merlijn’s chart, represents a level that has historically acted as a launchpad for Ethereum recoveries.

Being bearish on Ethereum now is a mistake.

The momentum is undeniable, and the next move is coming. pic.twitter.com/dtzQ3K2CT7

— Merlijn The Trader (@MerlijnTrader) January 16, 2025

While the short-term trend may look unfavorable, Merlijn highlights Ethereum’s undeniable momentum.

However, the current dip in the ETH/BTC pair is no exception. Many analysts believe that this correction is part of a natural market cycle and could set the stage for Ethereum’s next rally.

As of now, the ETH/BTC ratio stands at 0.03347, marking a 17% decline since December. Yet, history offers a reason for optimism. In the 2021 bull market, the ratio dipped to a similar level of 0.03 before skyrocketing to 0.077 within two months. This surge also saw Ethereum’s price jump by 111%, reaching $3,800.

Bitcoin’s Rise Could Lift Ethereum

Bitcoin’s recent rally to $100,000 has dominated headlines, but analysts believe Ethereum might benefit as well. Apollo co-founder Thomas Fahrer speculated that broader Bitcoin adoption could indirectly push Ethereum’s price higher, possibly to $4,000. If such momentum continues, Ethereum could follow Bitcoin’s lead in the current market cycle.

Ethereum Price Analysis

However, Ethereum still faces hurdles. It recently dropped below the key $3,500 support level and is now trading at $3,421. On top of that, the much-anticipated Ethereum Merge, which aimed to make Ether deflationary, hasn’t delivered as expected.

Therefore, Merlijn’s message is clear, underestimating Ethereum now could lead to missed opportunities.

Source

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