While the largest altcoin Ethereum (ETH) has performed worse compared to Bitcoin to date, the situation may be changing.
At this point, analysts argued that Ethereum was ready for a major rise and would reach $8,000 in 2025.
Analysts stated that Ethereum has surpassed the $2,800 price level for the first time since August and announced their predictions.
First, cryptocurrency investor and DeFi analyst Miles Deutscher noted that ETH had outperformed both Bitcoin (BTC) and Solana (SOL) in the last 24 hours as of November 6.
“Etheruem outperforms BTC and SOL! Understand the incomprehensible,” the analyst said.
Crypto analyst Benjamin Cowen also argued that the ETH/BTC ratio may have reached its lowest point, indicating a possible upward movement for Ethereum.
Additionally, pseudonymous cryptocurrency analyst “Byzantine General” stated that the price of Ethereum exceeded $ 2,800 for the first time since August and reached $ 2,846, arguing that ETH could experience a strong rally.
Famous billionaire Dan Tapiero also stated that Ethereum will rise and expressed his strong confidence in the future of ETH. At this point, Dan Tapiero predicted that ETH could exceed $ 8,000 within a year.
*This is not investment advice.
