This year, Ethereum (ETH) has been notably underperforming in comparison to Bitcoin (BTC), with its year-to-date gains lagging roughly 20% behind the leading cryptocurrency.
Nonetheless, a potential shift in circumstances offers a glimmer of hope. As market dynamics evolve and new developments emerge, Ethereum’s trajectory may be poised for a transformation, according to crypto market experts.
In fact, ETH is a ‘ticking bomb,’ Glassnode co-founder known as Negentropic said on Twitter on August 3. The crypto guru acknowledged short-term risks for Ethereum; however, in the medium term, he sees the cryptocurrency as a golden opportunity.
Time to shift from BTC to altcoins
According to Negentropic, the ETH/BTC chart signals that better days may be coming for alternative assets, advising traders to make the shift.
“According to the ETHBTC trading pair, it’s time to shift from BTC to altcoins.”
– Negentropic wrote.
While Bitcoin may show strength in the short run, the expe
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