Notorious crypto critic Peter Schiff has stirred the waters of the crypto community once again—this time by advising investors to sell their Ethereum (ETH) for Bitcoin (BTC). According to Schiff, Ethereum has limited upside potential, even as it surged to $3,800, the highest level since January 2025.
🔹 Schiff: Ethereum Is at the Top of Its Range
Schiff wrote on platform X (formerly Twitter) that Ethereum has reached the upper bound of its trading range, suggesting a possible downturn ahead. He emphasized that Bitcoin is currently “the better trade”, noting that Ethereum faces more competition in narrative and use case.
When asked if his opinion was driven by bias, Schiff replied that his view is based purely on technical analysis, not emotion. While remaining skeptical of both assets, he sees Ethereum as the weaker of the two in the long term.
🔹 Ethereum Is Still Gaining Strength
Despite Schiff’s warning, Ethereum continues to surge, driven by:
🔹 Inflow into spot ETH ETFs
🔹 Institutional interest and public companies accumulating ETH
🔹 Increased staking activity by firms like BitMine and SharpLink Gaming
ETH climbed 25% over the past week, and nearly 7% over the past year. The rally is supported by Ethereum’s growing role in Web3 and DeFi as a foundational infrastructure.
🔹 Crypto Community Pushes Back on Schiff
Schiff’s remarks triggered strong reactions. SharpLink Gaming mockingly edited his post, replacing "sell Ethereum" with "stake Ethereum"—a move that reinforced their belief in ETH as a productive, long-term asset that generates yield and supports network security.
Crypto analyst Benjamin Cowen chimed in, sharing a chart of ETH/BTC and suggesting Schiff’s timing was off—stating that ETH may have already bottomed against Bitcoin and could soon rebound.
Once again, Schiff’s skepticism has divided the crypto scene. While critics argue Ethereum may be overvalued, investors and companies continue to bet on its productive power and long-term dominance.
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