Analyst: Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts

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A trend of underperformance against Bitcoin has plagued Ethereum as of late, which has caused buyers to show signs of capitulation Where the ETH trends in the mid-term should depend largely, if not entirely, on whether or not BTC continues rising in isolations Bitcoin’s massive rise as of late has not done much to boost altcoins, as many are still showing signs of weakness at the moment This weakness has been apparent while looking towards Ethereum and the DeFi ecosystem One trader is now noting that ETH could soon buck this trend and begin posting some massive short-term gains He notes that ETH may soon put in a higher low against Bitcoin, which will only be invalidated if BTC continues up towards $30,000 Bitcoin has been hampering the growth seen by Ethereum and other altcoins as of late. Its massive rise has been driven by institutional inflows that have yet…

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