ETHETF is about to be approved for trading, and some analysts are bearish on ETH overtaking BTC in the short term.

Cryptocurrency analyst Crypto Kaleo recently published his unique analysis of the market performance of Bitcoin (BTC) and Ethereum (ETH). He firmly believes that Bitcoin will continue to maintain its lead over Ethereum in the foreseeable short-term future.

Crypto Kaleo believes that the core logic of this conclusion is that although the market is full of expectations for the launch of the spot Ethereum ETF, its positive impact on the price of ETH will not appear quickly, which is contrary to the current common belief. His analysis provides investors with a perspective to re-evaluate market dynamics and adjust investment strategies.

It will be difficult for Ethereum to outperform Bitcoin in the short term

In a post on social media platform X, cryptocurrency analyst Crypto Kaleo questioned the market impact of the upcoming spot Ethereum ETF. He disagreed with the idea that these ETFs will push Ethereum beyond Bitcoin in the short term, predicting that Ethereum’s value relative to Bitcoin may decline next week. While Crypto Kaleo acknowledged that the hype surrounding spot Ethereum ETFs has merit, he foresees Ethereum’s true rise being “months away.”

Source:X

Meanwhile, other analysts such as Michaël van de Poppe and Linda had predicted that these ETFs would bring significant price volatility to Ethereum and could trigger an altcoin season in which Ethereum would outperform Bitcoin. Linda even predicted that these ETFs would quickly push the price of ETH to a peak of $4,000.

However, Crypto Kaleo warned that market expectations for an immediate price increase upon the ETF’s launch should not be too high. He raised the possibility that the listing could be followed by another sell-off news event, a common pattern of market behavior in which market participants sell after a listing is announced, causing prices to fall.

Crypto Kaleo further pointed out that even if the launch of the spot Ethereum ETF will become a "sell news" event, long-term investors do not need to worry too much. He believes that for investors who are truly bullish on the current market cycle, such a market correction would be an "excellent opportunity" because it provides an opportunity to accumulate holdings at a lower price. He emphasized that while some patience is required, the market is still poised for a sharp rise, and that's when "the fun will really begin."

Ethereum’s long-term bullish trend remains unchanged

While uncertainty remains in the market in the short term, Ethereum’s long-term bullish outlook is supported by numerous analysts. Several cryptocurrency analysts, including Tyler Durden, firmly believe that Ethereum will see significant price growth in the later stages of the bull market. Durden specifically pointed out that the price of Ethereum reaching $10,000 is almost inevitable, and this expectation is mainly due to the launch of the spot Ethereum ETF.

Analysts at Altcoin Daily echoed similar sentiments, arguing that it is only a "matter of time" before Ethereum prices surge to $10,000, highlighting spot Ethereum ETFs as one of the key factors driving price growth for the second-largest cryptocurrency by market capitalization. . These ETFs are expected to inject new capital flows into the Ethereum ecosystem, providing fuel for an increase in the price of ETH.

Further boosting market confidence, Bitwise’s chief investment officer Matt Hougan predicted that the spot Ethereum ETF could attract up to $15 billion in its first month on the market. At the same time, research firm K33 also predicts that these funds may attract up to $4.8 billion in capital in the first five months of listing. These predictions not only show strong market interest in Ethereum ETFs, but also reflect investor confidence in Ethereum’s long-term growth potential.

Conclusion:

In the latest update on the cryptocurrency market, analyst Crypto Kaleo offers unique insights into the short-term performance of Bitcoin and Ethereum. He questioned whether the upcoming spot Ethereum ETF would immediately push ETH prices beyond BTC and warned the market should not expect too much. Meanwhile, while other analysts are optimistic about the positive impact of ETFs, Crypto Kaleo believes that the market may experience a common pattern of “selling the news,” where prices fall after major news releases.

Despite the short-term market uncertainty, Ethereum’s long-term bullish outlook remains widely recognized. At the same time, analysts predict that the launch of the spot Ethereum ETF will bring new funds to the Ethereum ecosystem, thereby driving the long-term increase in the price of ETH. Bitwise and K33’s predictions of ETF inflows further strengthened the market’s confidence in Ethereum. Let us continue to pay attention to market development, analyze rationally, invest prudently, and welcome every new opportunity in the cryptocurrency market.

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