A prominent crypto analyst is warning traders, saying Ethereum (ETH) could underperform Bitcoin (BTC) in the near term.
In a new strategy session, pseudonymous crypto trader Kaleo tells his 642,600 followers on the social media platform X where he believes Ethereum will be overtaken by the crypto king in the coming week.
However, the strategist says the launch of Ethereum exchange-traded funds (ETFs) on the spot market will ultimately see the leading smart contract platform overtake the crypto king.
“I’m going to be contrarian here and say that I believe Ethereum will drop a bit against BTC next week. A lot of hype leads to the launch of the spot ETF (which I think is justified), but I don’t think this will manifest itself in outperformance until a few months later.”
The trader’s chart suggests that ETH/BTC will reach 0.1500 in late 2025 or early 2026. According to TradingView it is currently to sit at 0.053.
Kaleo continues remark that traders should not panic if Ethereum doesn’t rise immediately after the launch of its ETFs, as Bitcoin was turmoil for weeks before breaking out.
“Friendly reminder that we only saw it immediately after the BTC spot ETFs started trading. The price went up in the run-up, followed by a few weeks afterwards before things really started to crack again.
The point is that – if we don’t see green candles across the board next week immediately after the launch of the spot ETH ETFs – it’s not the end of the world.”
The trader concludes his analysis in saying that BTC seems poised to outperform the stock market.
“BTC: Strong support for the Bitcoin/SPX ratio. It seems pretty clear that BTC will continue to outpace the stonks from here.”
Ethereum is trading at $3,404 at the time of writing, while BTC is valued at $63,597.
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Generated image: Midjourney
