Despite being beaten off the starting line by Solana and other altcoins, some traders now believe Ethereum is primed for a move.
After being drastically outperformed by Solana (SOL) for the past three months, the price of Ether (ETH) suddenly spiked 8.9% in the last 24 hours, leading to some bullish sentiment returning to Ethereum.
“The revenge of the ETH is starting,” wrote Jordi Alexander, the chief investment officer at Selini Capital, in a Dec. 27 post to X (formerly Twitter).
At the time of publication, ETH is changing hands for $2,417, up 8.9% in the last 24 hours. Meanwhile, Solana has taken a breather from its recent upward tear, trading at $104 — a loss of 4.2% in the last day.
