The probability density function for Ethereum (ETH) options suggests a 10% chance of prices reaching the year-to-date high of $4,000 by the end of December. ETH has underperformed compared to Bitcoin (BTC), with only a 36% increase this year compared to BTC's 109% surge. The weak fundamentals of ETH, including the shift away from enforcement actions against decentralized finance and the lack of investor interest, are contributing to its underperformance. However, a potential acceleration in Bitcoin's uptrend could push ETH above $4,000 regardless of its fundamentals, although it would still lag behind BTC.



Other News from Today