Ethereum is currently trading at $4,724.49, just under 10% from its peak. Institutional interest in Ethereum is gradually increasing, as evidenced by the rise in ETH holdings in exchange-traded funds and investment products, such as the iShares Ethereum Trust ETF, which is currently priced at $35.62. A successful breakout above the current resistance level could trigger a wave of short position liquidations, pushing the price higher.
Regarding the "flippening," where Ethereum surpasses Bitcoin, it is currently unclear. The ETH/BTC ratio is volatile, and there are differing opinions on whether Ethereum can overtake Bitcoin. Some analyses suggest that Ethereum has strong growth potential, especially with the emergence of technical signals like the "Golden Cross" on the ETH/BTC chart, where the 50-day moving average crosses above the 200-day moving average.
However, there are also views that Bitcoin will continue to dominate the cryptocurrency market. To make more accurate predictions, close monitoring of market indicators and investment trends in the coming period is necessary.
Some important indicators to note:
- *ETH/BTC Ratio*: This is an important indicator to compare the value between Ethereum and Bitcoin.
- *Institutional Interest*: The increase in investment in Ethereum from institutions could push the price higher.
- *Technical Signals*: Signals like the "Golden Cross" on the ETH/BTC chart may indicate growth potential.
Currently, there is not enough information to conclude whether Ethereum will enter a phase of strong growth or whether there will be a correction before reaching new highs.
