A prominent crypto analyst is issuing a warning to traders, saying that Ethereum (ETH) could underperform against Bitcoin (BTC) in the short term.
In a new strategy session, pseudonymous crypto trader Kaleo tells his 642,600 followers on the social media platform X that he believes Ethereum will be outpaced by the crypto king during the next week.
However, the strategist says that the launch of spot market Ethereum exchange-traded funds (ETFs) will eventually cause the leading smart contract platform to outpace the crypto king.
“Gonna be a contrarian here and say that I believe Ethereum actually dips a bit next week vs. BTC. Lots of hype leading into the spot ETF launch (which I think is warranted), but don’t think this manifests into outperformance until a couple months later.”
The trader’s chart suggests that ETH/BTC will hit 0.1500 by the end of 2025 or at the start of 2026. According to TradingView, it is currently sitting at 0.053.
Kaleo goes on to note that traders shouldn’t panic if Ethereum doesn’t immediately rise after the launch of its ETFs as Bitcoin experienced weeks of choppiness before breaking out.
“Friendly reminder that we didn’t see up only immediately after the BTC spot ETFs started trading. Price went up leading into it, followed by a couple of weeks moving lower afterward before things really started to rip again.
Point being – if we don’t see green candles across the board next week immediately after the spot ETH ETFs launch – it’s not the end of the world.”
The trader concludes his analysis by saying that BTC looks primed to outpace the stock market.
“BTC: Strong bounce off support for the Bitcoin/SPX ratio. Looks pretty obvious BTC continues to outpace stonks from here.”
Ethereum is trading for $3,404 at time of writing while BTC is valued at $63,597.
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The post Crypto Trader Issues Ethereum Alert, Says ETH To Underperform Bitcoin Over the Short-Term – Here’s His Outlook appeared first on The Daily Hodl.