Ethereum (ETH) is showing a trend of overtaking Bitcoin, backed by strong institutional fund inflows and on-chain demand. Experts are noting the potential market leadership change, suggesting that ETH could potentially break through $10,000 for the first time in this rising cycle.
Combining Institutional Funds and On-chain Demand... ETH/BTC Ratio Breaks 200-day Moving Average
According to Bitget Research, Ethereum has risen by about 60%, breaking through $3,800, and the ETH/BTC ratio has surpassed the 200-day moving average for the first time in a year. This suggests a structural strength of ETH.
Ryan Lee, senior analyst at Bitget, stated, "Various indicators such as institutional FOMO, whale accumulation, and ETF inflows support Ethereum's strength" and "Last week's ETH ETF inflow reached $2.4 billion, quickly absorbing market supply".
Bitcoin Stability vs Ethereum Momentum
Bitcoin maintains technical stability around $119,000 and receives some institutional fund support, but its upward momentum is relatively weaker compared to ETH. The rotation of some ETF funds from Bitcoin to altcoins is also working in favor of ETH.
Bitget forecasts that ETH could reach $5,500 - $6,500 in the fourth quarter of this year, and if institutional flows continue, there's a possibility of breaking $10,000. Bitcoin is expected to rise to $140,000 - $160,000 by year-end, but ETH is likely to have an advantage in terms of DeFi and staking attractiveness.
Bitget Celebrates ETH's 10th Anniversary with Earn Campaign
Global exchange Bitget is conducting a special Earn campaign to commemorate Ethereum's 10th anniversary. The campaign runs for about two weeks from 6 PM on July 23rd to 6 PM on August 7th (Korean time), offering Simple Earn products with differentiated interest rates from 5% to 10% for new users and first-time depositors. VIP-exclusive on-chain Earn products provide up to 4.2% APR with compound interest and immediate redemption features to optimize on-chain returns. High-yield investment products offer APRs exceeding 500% and provide up to $10,000 equivalent in experience funds.
Bitget CEO Gracy Chen stated, "As Ethereum celebrates its 10th anniversary, the Web3 innovation over the past decade is thanks to the developer community's contributions" and "Bitget wants to provide practical rewards to users in commemoration." She added that this campaign is an extension of Bitget's efforts to support the Ethereum ecosystem across various aspects including trading, staking, and DeFi accessibility.
Will ETH's Leadership Mark a Turning Point in This Cycle?
ETH's relative strength reflects more than short-term price fluctuations, indicating a shift in institutional fund flows. While Bitcoin maintains its status as 'digital gold', Ethereum is expanding its value through smart contracts, DeFi, staking, and other practical use cases. Experts are more focused on the potential restructuring of the Bitcoin-centric market rather than whether ETH will break $10,000. Particularly, if ETF and bank participation expand, this cycle could be a watershed moment opening a new growth phase for the Web3 market.
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