#BullishIPO Ether has a "slightly more bullish trajectory" than Bitcoin, according to Santiment

The "lack of interest" from some cryptocurrency traders in buying Ether during the dips compared to Bitcoin could be the catalyst that drives the price of Ether upward, says Santiment.

Ether has a slight advantage over Bitcoin in the short term, as the buzz on social media surrounding the cryptocurrency is less intense, according to Santiment, the sentiment analysis platform.

"Followers of $ETH have not shown as much optimism despite its significantly better performance in the last three months," Santiment said in a post on X on Friday referring to the ETH/BTC ratio, which measures the relative strength of Ether

ETH 3761 € against Bitcoin BTC 100,569 € and which has risen by 32.90% in the last 30 days, according to TradingView.

Ether failed to recover the all-time highs of 2021.

"Current outlooks show a slightly more bullish trajectory for Ethereum due to the lack of interest in buying during dips compared to Bitcoin," Santiment stated.

Both Bitcoin and Ether have retreated since Thursday, when Bitcoin reached a new all-time high of $124,128 and Ether was close to recovering its all-time high of 2021 of $4,878.

Ether was just 1.94% away from recovering its all-time high of 2021, before retreating to $4,448 at the time of publication, according to CoinMarketCap.

Meanwhile, Bitcoin has dropped 5.10% from its Thursday all-time high of $124,128, trading at $117,939 at the time of publication.