Ethereum Price Surge Indicates Potential Against Bitcoin, Analyst Suggests

Ethereum Price and BTC Comparison

Amid Bitcoin’s consolidation below $99,000, Ethereum witnessed a surge from $3,340, outperforming Bitcoin and sparking speculation of an approaching altcoin season.

Analyst Insights on ETH/BTC Pair

Analyst Benjamin Cowen pointed out a potential early recovery phase for the ETH/BTC pair after it hit a low of 0.03187, aligning with previous forecasts. Cowen’s prediction from 2023 regarding a decline in the ETH/BTC pair has now shown signs of reversal.

Historical Trends and Future Projections

Cowen highlighted Ethereum’s historical trend of gaining momentum in December or January. There are expectations of significant gains over the next 6-12 months, with Ethereum potentially entering a full altcoin season.

As of now, Ethereum is trading at $3,845, while Bitcoin crossed $100,000 and is at $103,000. The ETH/BTC pair is currently at 0.03755.