The price of Ethereum (ETH) has significantly underperformed compared to Bitcoin (BTC) during the current bull run. While Bitcoin has seen a surge of 149.71% in the past year, Ethereum has only seen a 38.88% increase. In addition, Ethereum has only rallied by 0.22% since the beginning of the year, while Bitcoin has surged by 7.95%. This has led investors to turn to alternative coins and meme coins for better returns. However, some analysts believe that the underperformance of Ethereum indicates that it is undervalued. Technical analysis by renowned analysts suggests that Ethereum might be preparing for a significant upward move. Using an inverse head and shoulders pattern, one analyst predicts a potential surge to $6,750, while another sets a more ambitious target of $10,000. It is important to note that technical analysis does not guarantee future outcomes.
Content Editor ( finbold.com )
- 2025-01-17
Technical analysts predict Ethereum price surge
