Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin

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The terms show of Ethereum has been 1 of the astir disappointing features of 2025, with the altcoin closing the archetypal 4 months of the twelvemonth astatine a loss. However, the ETH terms appears to beryllium witnessing a beardown resurgence, staging a important instrumentality supra the $2,600 level this weekend.

Interestingly, a fashionable trader connected the societal media level X has travel guardant with a affirmative lawsuit connected the Ethereum terms trajectory. According to the crypto pundit, ETH seems acceptable to overtake Bitcoin, the world’s largest cryptocurrency by marketplace capitalization, implicit the coming months.

‘ETH Starting To Feel Like ETH Again’ – Trader

In a caller post connected X, pseudonymous crypto trader Axel Bitblaze took a heavy dive into wherefore they deliberation the Ethereum terms is presently successful a beardown presumption and could instrumentality the pb up of Bitcoin. The online pundit stated respective reasons Ethereum could acquisition important maturation successful the adjacent fewer months.

Firstly, Bitblaze mentioned BlackRock’s reported acquisition of 7,976 ETH (worth astir $18.9 million) and propulsion for staking exchange-traded funds. The crypto trader believes that the support of ETF staking could present real, yield-generating organization demand.

Additionally, according to Bitblaze, ETH accumulation by whales is another communicative flying nether the radar. On-chain information shows that whales person purchased 138,511 ETH (worth astir $337 million) successful the past 48 hours. This, combined with $434 cardinal successful abbreviated liquidations, has brought immoderate momentum to the Ethereum price.

Bitblaze noted that much liquidity seems to beryllium flowing into the Ethereum token than Bitcoin, adjacent though it mightiness beryllium exchange-specific, arsenic ETH’s trading measurement surpassed BTC’s measurement for the archetypal clip successful years.

Furthermore, Bitblaze credited the Ethereum Pectra upgrade, which went unrecorded connected May 7, arsenic 1 of the deflationary factors down ETH’s aboriginal potential. “In conscionable a fewer days, ~38,000 ETH has been burned, expanding deflationary pressure,” the trader added.

However, Bitblaze advised investors to workout caution, arsenic the marketplace sentiment seems to beryllium overheated astatine the moment. While the latest on-chain information points to a bullish environment, the Fear & Greed Index is astatine utmost greed, which is often a precursor to insignificant terms pullbacks.

Ultimately, Bitblaze believes that stars are opening to align for the Ethereum token again, and that the prima mightiness radiance connected the altcoin again. If this happens, the trader believes that the ETH terms could question toward $2,800 oregon adjacent $3,000 earlier seeing immoderate large correction.

Ethereum Price At A Glance

As of this writing, the terms of ETH sits astatine astir $2,580, reflecting an implicit 10% summation successful the past 24 hours. This single-day enactment underscores the altcoin’s awesome show implicit the past week. According to information from CoinGecko, ETH is up by much than 40% successful the past 7 days.