Santiment’s sentiment platform says that Ether is slightly ahead of Bitcoin on the short term, as there are fewer heated discussions about the crypto currency in social media.
“The Santiment wrote in an X message on Friday that the $ETH crowd had not shown as much optimism despite a significantly higher performance during the last 3 months.ETHBitcoin’s relative strength is a measure of its relative value.BTCIn the last thirty days, the price has risen by 33.99%. according TradingView.
Ether failed to regain 2021’s all-time record highs
“The current outlook shows a slightly more bullish path for Ethereum due to the lack of interest in dip buying compared to Bitcoin,” Santiment said.
Bitcoin and Ether are both down since Thursday. Bitcoin hit a new high all time of $124.128. Ether is close to its previous all-time-high of $4.878 from 2021.
Ether was just 1.94% away from regaining its all-time 2021 high before it retraced down to $4.448 when the publication took place. according CoinMarketCap.
Bitcoin, which was trading at $117.939 when this article went to press, is currently down 5.10% from the all-time record high it reached on Thursday of $124,128, a drop of 5.10%.
At ATH, Bitcoin talk was bubbling.
Santiment stated that social media posts are becoming overly positive for Bitcoin, at the current price. “We can see that the greed spike on BTC coincided perfectly with the ATH and local top,” Santiment said.
Related: Bitcoin’s all-time high gains vanished hours later: Here’s why
Recent times, Ether has seen analysts raising their target prices due to the surge of institutional purchasing and other factors. accelerating adoption of stablecoins Recent US regulations have changed.
Yashasedu, a crypto trader said that Ether could reach over $8.500 in the event Bitcoin makes an upward move. highly anticipated move to $150,000Based on previous bull market trends, Ether’s value reaches 35 percent of Bitcoin’s current market capitalization.
Yashasedu stated that if Bitcoin reaches $150, 000, then ETH could soar as high as $8,656.
Standard Chartered also raised its Ether 2025 price target to $7,500 from the previous $4,000 estimate.
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Source: cointelegraph.com
