An experienced crypto analyst is cautioning traders about the potential for Ethereum (ETH) to underperform compared to Bitcoin (BTC) in the short term.
During a recent strategy session, the pseudonymous crypto trader Kaleo shared with his 642,600 followers on the social media platform X that he anticipates Ethereum will lag behind Bitcoin in the coming week.
Nevertheless, Kaleo believes that the introduction of spot market Ethereum exchange-traded funds (ETFs) will eventually lead the leading smart contract platform to surpass Bitcoin.
“I’m going against the grain here and predicting that Ethereum may dip slightly next week against BTC. There’s a lot of excitement building up to the spot ETF launch (which I think is justified), but I don’t expect this to translate into outperformance until a couple of months down the line.”
Based on the trader’s chart, ETH/BTC is projected to reach 0.1500 by the end of 2025 or the beginning of 2026. Currently, it is trading at 0.053.
Kaleo also notes that traders should not panic if Ethereum does not immediately surge after the launch of its ETFs, as Bitcoin experienced weeks of volatility before making significant gains.
“Let’s not forget that the BTC spot ETFs didn’t trigger an immediate uptrend. Prices rose leading up to the launch, followed by a few weeks of decline before the real momentum picked up again.
So, if we don’t see a sea of green candles across the board right after the spot ETH ETFs debut, it’s not the end of the world.”
The trader concludes his analysis by stating that BTC appears poised to outperform the stock market.
“BTC: Showing a strong rebound from support in the Bitcoin/SPX ratio. It seems clear that BTC will continue to outperform stocks moving forward.”
At the time of writing, Ethereum is priced at $3,404, while BTC is valued at $63,597.
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