Krutika Adani
Ethereum is gaining traction as institutional interest shifts towards altcoins, with ETH poised to challenge Bitcoin’s dominance.
The ETH/BTC spot price ratio indicates Ethereum's increasing strength against Bitcoin. Insights from ByBit highlight Ethereum’s dominance in this metric, showing a clear upward trend.
CoinShares data reveals significant capital movement from Bitcoin to Ethereum, signaling growing institutional confidence in ETH. Bitcoin’s market dominance has also declined since late November, further supporting this shift.
While Bitcoin eyes a near-term range of $112,000 to $115,000, Ethereum’s long-term potential shines with targets of $10,000 to $15,000 by May 2025, reflecting bullish sentiment for both cryptocurrencies.