Ethereum Underperforms Against Bitcoin Amid Analyst Critique and First ETF Inflows
Veteran analyst Peter Brandt has publicly criticized Ethereum (ETH), calling it ’worthless junk’ and highlighting its persistent underperformance against Bitcoin (BTC). Brandt points to the ETH/BTC pair’s steady decline, noting that over the last year, Bitcoin gained 53% while Ethereum lost 42% of its value relative to Bitcoin. Despite this bearish trend, a potential shift was seen as U.S.-listed Ethereum ETFs recorded their first net inflows after eight weeks of outflows, signaling a possible improvement in investor sentiment. However, inflows remain modest, and Brandt emphasizes Bitcoin’s ongoing dominance over Ethereum. Crypto traders should closely monitor ETH/BTC price trends and ETF flows for further signals of market sentiment changes in the battle between Bitcoin and Ethereum.
Bearish
The prevailing sentiment remains bearish for Ethereum due to its significant and persistent underperformance against Bitcoin, as highlighted by analyst Peter Brandt. Despite the first net ETF inflows signaling a potential positive shift in sentiment, these inflows are modest compared to the steep ETH/BTC decline over the past year. Traders are likely to remain cautious until there is sustained evidence of renewed demand or reversal in the ETH/BTC trend. Short-term trading may experience limited upticks due to ETF news, but the dominant narrative favors Bitcoin’s strength, suggesting limited bullish momentum for Ethereum unless inflows continue to grow and price trends reverse decisively.