Will ETH Lead The Next Bull Run?

[Ethereum (ETH)]( volumes appeared to be converging with those in its larger peer [Bitcoin BTC]( recent data showed. The world’s second-largest cryptocurrency has seen a spike in interest this year ahead of a widely anticipated shift to a proof-of-stake (PoS) model.

ETH price has surged over 20% in the past two weeks, and was trading at around $3,400- close to breaking even for the year. Daily volumes have also steadily risen, averaging at roughly $20 billion over the past week.

BTC price also shot up to 2022 highs this week, and was trading around $47,000. But while volumes did increase, they were substantially lower than the massive amounts of liquidity seen in 2021. Still, the world’s largest cryptocurrency commanded over 40% of total crypto market capitalization.

But the latest crypto rally has also seen several altcoins vastly outperform BTC, while notching record highs in market capitalization. A similar scenario was observed during the start of the 2021 rally, which had eventually challenged BTC’s dominance.

And so the question is will [ETH]( lead the next Bull Run?

View Source

24 thoughts on “Will ETH Lead The Next Bull Run?”

  1. I strongly believe we will see 10k ETH when BTC Hits 100k but I doubt the flippening will happen any time soon.

    Maybe with an entire crypto reset.
    Normal price movement it’ll probably take years

  2. I believe it will depend on whether they manage to roll out the merge or if it going to be delayed again.
    I hope so as I’ve been DCAing…

  3. I challenge Bears to short ETH ![gif](emote|emo_pack_1|this_is_gentlemen)![gif](emote|emo_pack_1|this_is_gentlemen)

  4. Yes it will imo. There’s still so many people who don’t understand what is going to happen with the 2.0 merge. Triple halving, reducing the amount of issued ETH by 90%, staking rewards about to go up between 10-20%, locked staked ETH will not be unlocked All at once but at a daily rate of around 1% of the daily volume. I could see a ETH run that goes for over a year.

  5. Eth will do good, but if you have countries buying btc for FEDERAL reserves, then btc will be the leader. At least for now.

  6. Right now I believe BTC is already currently in the beginning of a bull run to test ATH. We should get there soon. Same with ETH.


Leave a Comment