News View Non-AMP

Ethereum News Today: Is ETH a Better Investment Than Bitcoin Right Now?

Published by
Qadir AK

Ethereum (ETH), despite being the most-traded altcoin, hasn’t quite lived up to investors’ hopes recently. While Bitcoin (BTC) surged over 8% in recent days, edging closer to its all-time high (ATH) above $73,000, Ethereum’s price has remained locked in a symmetrical triangle pattern—an ongoing trend since the August 5 crypto market crash.

With a market valuation of about $321 billion and an average daily trading volume around $21 billion, Ethereum still shows signs of a potential bullish move in the near term. Ether’s value against Bitcoin has been retesting a critical support trend line, while BTC’s dominance in the market is reaching a resistance level near 60%.

What a peculiar pattern! Can we make any sense of this?

Ether Faces Stiff Competition

Ethereum’s network adoption has faced challenges from fast-rising competitors like Solana (SOL), Toncoin (TON), and Binance Smart Chain (BSC).

Coinpedia recently reported that Solana’s on-chain activity has been far surpassing Ethereum’s, largely due to Solana’s growing meme coin ecosystem, which has brought in more users and transactions.

On-chain data reveals that Ethereum is currently seeing lower demand from major investors, or “whales,” when compared to Bitcoin and other key competitors. For instance, the U.S. spot Ether ETF saw around $7.6 million in inflows on Tuesday, a stark contrast to Bitcoin’s $870 million during the same period.

Analyst’s Take: Is Ethereum the Better Buy?

Crypto analyst Alan Santana believes Ethereum is currently a stronger investment option than Bitcoin, citing historical cycles. Santana argues that Bitcoin appears more overbought than Ethereum, suggesting that Ethereum may offer a better risk-to-reward balance.

However, Santana emphasizes that Ethereum’s price needs to consistently close above the $2,800–$2,900 resistance range to confirm a bullish breakout. If Ethereum’s price moves above $2,800 in the coming weeks, the next key target could be its all-time high near $5,000.

Can Ethereum rise from the ashes and reclaim its throne? Share your opinion.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Ethereum Flips Bullish While Shiba Inu Prepares for Next Leg Up; Experts Consider This AI-Driven Asset Manager as the Future of DeFi

The Ethereum price soared over 5% this week and surpassed $2,700, while the Shiba Inu…

May 31, 2025

Analysts Forecast Uptrend For Tron: Can the AI Investment Platform, Unilabs, Outshine Solana This Year

While the Tron price is trading at $0.27, top analyst Lennaert has forecasted a breakout…

May 31, 2025

Can $1,500 Turn into $100K? Comparing Ruvi AI (RUVI) and Ethereum’s (ETH) Potential for Explosive Gains

For investors navigating the dynamic world of cryptocurrency, the promise of transforming modest investments into…

May 31, 2025

While Trump’s Meme Coin Dinner Raises Red Flags, Graphite Network Builds for Transparency Over Favoritism

U.S. President Donald Trump held a black-tie dinner at his Virginia golf club for 25…

May 31, 2025

Top Cryptos to Watch in June 2025: TON, XRP, and Ozak AI in the Spotlight

As the digital asset market prepares for an eventful summer, Toncoin (TON), Ripple’s XRP, and…

May 31, 2025

Avalanche Price Breaks February Low — $20.07 In Danger As ETF Delay Triggers Bears

Key Takeaways: AVAX dropped 13.49% this week to $20.07, breaking February’s low and nearing the…

May 31, 2025