Yesterday the prezzo di Ethereum, for the second time within the final two weeks, tried to outperform that of Bitcoin, and for the second time the try failed.
In actuality, within the first half of Could, a really first try had succeeded, nevertheless it was solely a rebound.
The scenario has now returned to regular, however many expect additional makes an attempt by Ethereum to outperform Bitcoin, and a few of these may ultimately succeed.
The struggling of Ethereum: Bitcoin nonetheless dominates
The prezzo di Ethereum remains to be in sofferenza.
On the finish of October final yr, it was hovering round $2,400, however then because of the so-called Trump commerce it managed to climb again to $4,000. Nonetheless, that mini-bubble began to burst already within the second half of December, and from February it burst utterly.
In truth, to inform the reality, on the finish of February the value of ETH even fell beneath the preliminary $2,400, reaching a backside in 2025 even beneath $1,500.
The issue may have been the robust competitors from Solana, given that previously ETH additionally benefited, not directly, from the success of many memecoins on Ethereum, whereas now the overwhelming majority of memecoins are launched on Solana.
When Trump introduced the launch of his memecoin on Solana in January, Ethereum ended up struggling fairly a bit.
Word that the present worth of ETH, simply above $2,600, shouldn’t be a lot increased than that of October 2024.
The comparability between Ethereum (ETH) and Bitcoin (BTC)
As a substitute, the worth of Bitcoin in the identical interval went from lower than $70,000 to greater than $100,000.
To get a extra exact concept of how a lot BTC is outperforming ETH, it’s helpful to research the pattern over time of the value of Ethereum expressed in Bitcoin.
On the finish of October, 1 ETH was price about 0.035 BTC, and with the Trump commerce, it quickly rose to 0.040.
The issue is that ranging from mid-December it had already fallen beneath 0.035 BTC, and through the month of January it even dropped to 0.030.
So from October to January, Ethereum had underperformed Bitcoin.
Ranging from February, an extra retracement started, which ended solely firstly of Could, inflicting the worth of Ethereum in Bitcoin to plummet first to 0.027 BTC, after which even beneath 0.020.
The minimal peak of 0.018 BTC reached on April 12 was achieved at a stage so low that it hadn’t been seen since January 2020.
In gentle of this, it’s evident that one thing severe has occurred to Ethereum, and it is extremely doubtless that the issue is the one already talked about earlier than, specifically the very robust competitors from Solana within the memecoin sector.
The turning level of Ethereum (ETH)
On Could 8, nonetheless, there was a turning level.
Not solely has the descending section ended, however there has additionally been a real bull rebound.
In truth, inside simply three days, the value of Ethereum in Bitcoin has returned above the 0.024 BTC mark, which remains to be properly beneath the 0.035 of October, however considerably increased than the underside of 2025.
Nonetheless, it was solely a rebound, and never a restart, a lot in order that the value of Ethereum in {dollars} remains to be kind of on the ranges of October.
Within the final two weeks, nonetheless, there have been two makes an attempt to return at the least above 0.025 BTC.
The primary occurred between Could 13 and 14, and it failed in simply over 24 hours. The second, nonetheless, occurred simply yesterday, and it failed in lower than 24 hours.
In the identical days, the value of Ethereum in {dollars} tried twice to surpass $2,700. The primary time, it really didn’t even handle to rise above it quickly, whereas at the least yesterday it even managed to climb again above $2,750 for just a few hours.
Each of those makes an attempt, nonetheless, failed inside lower than 24 hours.
The forecasts on the crypto market
Regardless of this, there are a number of analysts who consider that Ethereum can ultimately handle to solidly return above $2,700.
Specifically, a speculation that’s circulating extensively is the one which predicts a decline within the dominance of Bitcoin.
In October 2024, Bitcoin’s dominance was beneath 60%. In the course of the mini-altseason in November, brought on by the Trump commerce, it dropped to 55%, however ranging from December, it started a brand new upward section that first introduced it above 60%, after which on Could 7, 2025, even above 65%.
Nicely, on Could eighth, a downturn started that not solely interrupted the upward pattern, however inside just a few days introduced it again to 62%.
Subsequently, nonetheless, there was a rebound, a lot in order that it has now returned above 64%, however the upward pattern for now appears to truly be interrupted.
In keeping with a number of analysts, there’s a risk that it might drop again to 60%, or even perhaps decrease, and this is able to imply that the altcoins can be outperforming Bitcoin.
