{"id":649801,"date":"2024-10-25T16:00:36","date_gmt":"2024-10-25T16:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=649801"},"modified":"2024-10-25T09:13:28","modified_gmt":"2024-10-25T09:13:28","slug":"ethereum-outperform-bitcoin-solana","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/ethereum-outperform-bitcoin-solana\/","title":{"rendered":"Crypto Analyst Says Ethereum Will Outperform Bitcoin And Solana, Is $12,000 Possible?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22%<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-battles-2560\/\"><span style=\"font-weight: 400\"> decline in the price of Ethereum<\/span><\/a><span style=\"font-weight: 400\"> in the past seven days and a continued <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-network-fundamentals-turn-bullish-here-are-the-details\/\"><span style=\"font-weight: 400\">increase in the Bitcoin dominance<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2>Analyst Says Ethereum Will Outperform Bitcoin<\/h2>\n<p><span style=\"font-weight: 400\">Ethereum has mostly lagged behind Bitcoin in price performance since the current market cycle began, struggling to gain momentum above the $3,000 mark since July. Ethereum bulls have <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-hurdles-2550\/\"><span style=\"font-weight: 400\">faced challenges<\/span><\/a><span style=\"font-weight: 400\"> in attracting significant inflows, which has kept the price below key levels while Bitcoin has surged.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-whale-numbers-2021\/\">Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737.\u00a0 Solana has also found its way above $170 again and could continue on the momentum to break above its yearly high of $202.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, despite Ethereum\u2019s underperformance relative to these two crypto heavyweights, crypto analyst @IamCryptoWolf <\/span><a href=\"https:\/\/x.com\/IamCryptoWolf\/status\/98056489\" rel=\"nofollow\"><span style=\"font-weight: 400\">believes the trend<\/span><\/a><span style=\"font-weight: 400\"> is going to reverse in the second half of the cycle.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst provided his Ethereum outlook in reference to its price movements on the 3-day candlestick chart. The chart shows Ethereum rebounding off the bottom trendline of an ascending triangle, indicating the potential for an upward move. Consequently, the analyst projected a full breakout of multiple price resistances when the momentum finally rolls into Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Should this breakout occur, @IamCryptoWolf predicts Ethereum will surpass Bitcoin and Solana in performance during the second half of this bull cycle. He further noted a price target range for Ethereum\u2019s surge, placing the lower boundary at $8,428, with a high-end target reaching up to $12,000. This projected breakout has sparked renewed interest in Ethereum\u2019s ability to regain a leading position, especially among investors who are still waiting for an altcoin rally phase led by Ethereum.<\/span><\/p>\n<figure id=\"attachment_649803\" aria-describedby=\"caption-attachment-649803\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-649803\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum_42ff87.png?w=460&#038;resize=460%2C218\" alt=\"Ethereum\" width=\"460\" height=\"218\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum_42ff87.png?w=512 512w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Ethereum_42ff87.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-649803\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2>What\u2019s Next For ETH?<\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours. This sort of performance has left many ETH investors feeling uncertain about the asset&#8217;s near-term outlook. According to data from IntoTheBlock, about 51.40% of addresses that bought in between $2,106.27 and $2,855.96 are in losses, not to talk of those that bought above $2,855.96.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-retests-65000\/\">Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What\u2019s Next<\/a><\/div>\n<p><span style=\"font-weight: 400\">Interestingly, @IamCryptoWolf <\/span><a href=\"https:\/\/x.com\/IamCryptoWolf\/status\/40920069\" rel=\"nofollow\"><span style=\"font-weight: 400\">addressed this trend<\/span><\/a><span style=\"font-weight: 400\"> among ETH investors in another post on social media platform X. Here, he highlighted that <\/span><a href=\"https:\/\/uniquehot.com\/ethereum-news\/ethereum-verge-upgrade-to-simplify-running-nodes-on-phones-and-wearables\/\"><span style=\"font-weight: 400\">Ethereum is still bullish<\/span><\/a><span style=\"font-weight: 400\"> despite the underperformance. The analyst explained that Ethereum\u2019s current price movement appears to be forming either an inverted head and shoulders or an ascending triangle pattern on the charts, both of which are traditionally seen as bullish formations in technical analysis.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/CEpdY9LO\/\" alt=\"Ethereum price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">ETH price sees recovery above $2,500 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22% decline in the price of Ethereum in the past seven days and a continued increase in the Bitcoin dominance. Analyst Says Ethereum Will Outperform Bitcoin Ethereum has mostly lagged behind Bitcoin in price performance since the current market cycle began, struggling to gain momentum above the $3,000 mark since July. Ethereum bulls have faced challenges in attracting significant inflows, which has kept the price below key levels while Bitcoin has surged.\u00a0 Related Reading: Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming? Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737.\u00a0 Solana has also found its way above $170 again and could continue on the momentum to break above its yearly high of $202. However, despite Ethereum\u2019s underperformance relative to these two crypto heavyweights, crypto analyst @IamCryptoWolf believes the trend is going to reverse in the second half of the cycle. The analyst provided his Ethereum outlook in reference to its price movements on the 3-day candlestick chart. The chart shows Ethereum rebounding off the bottom trendline of an ascending triangle, indicating the potential for an upward move. Consequently, the analyst projected a full breakout of multiple price resistances when the momentum finally rolls into Ethereum. Should this breakout occur, @IamCryptoWolf predicts Ethereum will surpass Bitcoin and Solana in performance during the second half of this bull cycle. He further noted a price target range for Ethereum\u2019s surge, placing the lower boundary at $8,428, with a high-end target reaching up to $12,000. This projected breakout has sparked renewed interest in Ethereum\u2019s ability to regain a leading position, especially among investors who are still waiting for an altcoin rally phase led by Ethereum. What\u2019s Next For ETH? At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours. This sort of performance has left many ETH investors feeling uncertain about the asset&#8217;s near-term outlook. According to data from IntoTheBlock, about 51.40% of addresses that bought in between $2,106.27 and $2,855.96 are in losses, not to talk of those that bought above $2,855.96.\u00a0 Related Reading: Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What\u2019s Next Interestingly, @IamCryptoWolf addressed this trend among ETH investors in another post on social media platform X. Here, he highlighted that Ethereum is still bullish despite the underperformance. The analyst explained that Ethereum\u2019s current price movement appears to be forming either an inverted head and shoulders or an ascending triangle pattern on the charts, both of which are traditionally seen as bullish formations in technical analysis. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":639323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,13625],"tags":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-649801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Says Ethereum Will Outperform Bitcoin And Solana, Is $12,000 Possible?<\/title>\n<meta name=\"description\" content=\"A top crypto analyst has issued a bold prediction for Ethereum, 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