Why Ethereum is unlikely to rehash its Q2 2025 gains vs. Bitcoin
Ethereum demonstrates strong on-chain fundamentals, including record developer activity with 9.1 million deployed contracts in Q4 2025 and a significant surge in DApp and NFT volume. However, despite this robust network usage, ETH's price performance remains disconnected, declining 45% in the same quarter and trailing Bitcoin by 1.5x. Short-term factors, including leverage-driven sentiment, a lack of spot accumulation, and ongoing sales by key figures, contribute to a bearish setup. The ETH/BTC ratio continues to struggle, indicating absent rotational flows from BTC. Consequently, speculation is overshadowing conviction, making a repetition of Q2 2025 gains against Bitcoin unlikely, with further losses anticipated in the coming quarter.
ambcrypto02/25 03:05