Why Ethereum is underperforming?

[enoch_from_off]

Its my question waiting for why ethereum price is underperforming recently after dropping under $2,300 and difficult break out any more to the higher price. Since bitcoin get dropped under $57k never seeing anymore with Ethereum success break out above $3k and have one month looking for Ethereum keep decreasing down.
Today waiting what possibility in the future for Ethereum price will be success again break  or keep stable under $3k before bitcoin recovering back to higher price, I see if bitcoin break out again to $60k seems possibility with Ethereum reach above $3k or waiting more longer time.

Honestly I see it seems like ethereum is struggling to break $3K, but we should not underestimate ethereum because it is still the king of altcoins. Right now I see ethereum back near $2,500 after bitcoin surged to $63K. and it is predictable that ethereum will be good above $2,500 this week. If bitcoin reaches $65K, ethereum will likely follow suit.

Totally.
I believe in ETH myself and I think that with BTC growing up, ETH will surely follow, thus investing in it is beneficial for sure.
Volatility won't be the issue if you will hold ETH for at least mid-term.

[bitmover]

With the way things are happening with the price movements of ETH right now, I am sure it would be safe to say that it is very much linked to the things happening with BTC. In other words, up to now, there is still no decoupling between the two assets as they are acting like best friends where one goes so does the other.

The point is that bitcoin outperforming ethereum.

Bitcoin is very close to its ATH (62K of 70k ath), while ethereum is still about 50% it's ath (2500 price and 4800 ath)

Ethereum somewhat decouple btc, but to underperform it.

[debra]

I believe in ETH myself and I think that with BTC growing up, ETH will surely follow, thus investing in it is beneficial for sure.
Volatility won't be the issue if you will hold ETH for at least mid-term.

Bitcoin has increased quite a lot, but Ethereum is still far from its ATH. I think Ethereum doesn't fully follow the trend of Bitcoin price. If it follows it, Ethereum must already hit a new ATH because Bitcoin already hits a new ATH few months ago. However, I still believe in Ethereum because it is still the best altcoin. Many people still hold Ethereum, they don't want to sell Ethereum too early. I think we need to wait for until Q2 or Q3 of 2025 to see Ethereum price increasing high. We may have altcoin season in the next year.

[bounceback]

Since bitcoin break above $64k last few days ago, Ethereum show good progress although slowly after success recovering above $2,560 and seems not difficult break to $3k. I don't know how strong for Ethereum keep going up to higher price if bad possibility around few days later bitcoin will go down, have opportunity for ethereum keep stable in recently higher price or easily got correction and will dump under $2,300 after last weeks become most lower price.
Ethereum seems keep underperforming than usually if bitcoin got up above 5% easily for ethereum raise more than 10%, but in this time ethereum recovery very slowly and holder needed very longer time for getting back ethereum based on their investment price above $3k.

[Stompix]

Honestly I see it seems like ethereum is struggling to break $3K, but we should not underestimate ethereum because it is still the king of altcoins. Right now I see ethereum back near $2,500 after bitcoin surged to $63K. and it is predictable that ethereum will be good above $2,500 this week. If bitcoin reaches $65K, ethereum will likely follow suit.

Ethereum reaching $3000 and $4000 means little if you don't look at what others do, it's the same as with fiat currency, you can earn 10% in interest if inflation si biting with 20%you lose if your coin is up 10% but BTC is up 30% you've lost an opportunity.
And right now, BTC is really no match for ETH, there is a huge decoupling happening:

[debra]

Since bitcoin break above $64k last few days ago, Ethereum show good progress although slowly after success recovering above $2,560 and seems not difficult break to $3k. I don't know how strong for Ethereum keep going up to higher price if bad possibility around few days later bitcoin will go down, have opportunity for ethereum keep stable in recently higher price or easily got correction and will dump under $2,300 after last weeks become most lower price.

Ethereum price is around $2,600 today. yes, it looks like following the increase of Bitcoin price. But the increase isn't very significant as other altcoins, I agree that the increase is rather slowly. As far as I know, Ethereum is still the best altcoin, it should increase easily because many people supported Ethereum. Maybe there are some whales who try to keep the price of Ethereum lower. They need more time to collect more Ethereum.

I think we don't doubt the capability of Ethereum. It is a great altcoin and it is owned by Vitalik Buterin who always tries to develop it. It is only about the time that Etheruem price will cross $3,000 again. Experts predicted it probably will reach $5,000. But it won't be in the near future, we must be patient to wait for few months.

[Parzival204]

of course someone will choose ethereum as an option for investing in altcoins. because the results are definitely promising where ethereum continues to be at the top of the altcoin rankings. and ethereum also tends to be more stable than SOL and doge coins. and ethereum has been proven to provide many benefits for its investors
and there are factors that make ethereum's price unstable when btc also experiences this. ethereum will continue to increase with the interest rate cut that is happening in the US. and this will be a good start for ethereum and our hope is that the price will not only be stable but also continues to increase until the ATH we expect

[bounceback]

Since bitcoin break above $64k last few days ago, Ethereum show good progress although slowly after success recovering above $2,560 and seems not difficult break to $3k. I don't know how strong for Ethereum keep going up to higher price if bad possibility around few days later bitcoin will go down, have opportunity for ethereum keep stable in recently higher price or easily got correction and will dump under $2,300 after last weeks become most lower price.

Ethereum price is around $2,600 today. yes, it looks like following the increase of Bitcoin price. But the increase isn't very significant as other altcoins, I agree that the increase is rather slowly. As far as I know, Ethereum is still the best altcoin, it should increase easily because many people supported Ethereum. Maybe there are some whales who try to keep the price of Ethereum lower. They need more time to collect more Ethereum.

I think we don't doubt the capability of Ethereum. It is a great altcoin and it is owned by Vitalik Buterin who always tries to develop it. It is only about the time that Etheruem price will cross $3,000 again. Experts predicted it probably will reach $5,000. But it won't be in the near future, we must be patient to wait for few months.

Not really following with bitcoin price regarding slowly movement of ethereum until right now although bitcoin have been success increasing up few percent. Still difficult acceptable with ethereum price very difficult following wit bitcoin price movement usually few percent of bitcoin raise up have easily for Ethereum break to higher price. But in this month Ethereum have underperforming many time bitcoin huge recovery but Ethereum keep going slowly for breaking out higher price.

Current ethereum price around $2,630 and looks not good progress yet after last several days ago success hit to $2,700 and very far away hit above $3k or make another new ATH as last time

[Gurujebs]

Totally.
I believe in ETH myself and I think that with BTC growing up, ETH will surely follow, thus investing in it is beneficial for sure.
Volatility won't be the issue if you will hold ETH for at least mid-term.

I have checked the yearly growth of Ethereum and there hasn't been any tangible trend apart from layer this and that, the ethereum gas fee that was speculated sometimes ago, people realized that it was because the activity has reduced due to Defi activities and not because of what the community where using as bait. The real factor is the decrease in number of transactions.

I see ethereum making moves but there must be something unique for people to come again. Look at Solana for instance, a lot of people are there because of the meme and the developers didn't sleep on that, they made it condussive for the community and everyone is cheating other with that to make money. Jumping from one meme to another.

[MrSpasybo]

Not really following with bitcoin price regarding slowly movement of ethereum until right now although bitcoin have been success increasing up few percent. Still difficult acceptable with ethereum price very difficult following wit bitcoin price movement usually few percent of bitcoin raise up have easily for Ethereum break to higher price. But in this month Ethereum have underperforming many time bitcoin huge recovery but Ethereum keep going slowly for breaking out higher price.

Current ethereum price around $2,630 and looks not good progress yet after last several days ago success hit to $2,700 and very far away hit above $3k or make another new ATH as last time

I believe the primary reason for ETH's lack of significant growth is that we're still in a Bitseason, meaning capital flow is predominantly concentrated in BTC rather than being diverted to ALTS as we had anticipated. The continued success of BTC Spot ETFs, BTC price consistently holding above $60K, and the rising BTC.D are the most evident indicators of this trend.

As ETH is merely an ALTS, it cannot outperform BTC during this phase. Furthermore, ETH Spot ETFs are not particularly compelling to traditional investors at this juncture. Nevertheless, this could be perceived as a favorable opportunity for ETH enthusiasts to accumulate more ETH ahead of the next bull run. I am confident that capital cannot remain perpetually within BTC. Once this capital flow shifts towards ETH, we can anticipate a rapid surge in ETH price, culminating in a new ATH.

[vegasus]

As ETH is merely an ALTS, it cannot outperform BTC during this phase. Furthermore, ETH Spot ETFs are not particularly compelling to traditional investors at this juncture. Nevertheless, this could be perceived as a favorable opportunity for ETH enthusiasts to accumulate more ETH ahead of the next bull run. I am confident that capital cannot remain perpetually within BTC. Once this capital flow shifts towards ETH, we can anticipate a rapid surge in ETH price, culminating in a new ATH.

I really think that ETH ETF will really have a lot of influence on the development of Ethereum's price. But it seems that it still requires struggle and other factors. What is certain is that what makes us remain confident in investing in ETH and remain confident that it will reach a new ATH that is much bigger, yes, because it is ETH, Ethereum.

ETH is a top altcoin, even considered the best altcoin, which has a high market cap. Although in reality, if it is related to technology and its development, it may still be less developed than some other altcoins. But once again, it is ETH. Whereas if compared to BTC, yes, BTC will always outperform any altcoin, because it is "Bitcoin". We will not doubt Bitcoin, compared to altcoins, of course, Bitcoin is the most important. While for altcoins, for me too, Ethereum is one of the main ones.

[alltalk]

The real factor is the decrease in number of transactions.

The decrease of the transactions can be caused by the high transfer fees. The expensive gas fees is one of the big problem in Ethereum network, this leads to many new networks in crypto. Because of the expensive fees, many people prefer to choose Tron, Solana, or Polygon networks.

I see ethereum making moves but there must be something unique for people to come again. Look at Solana for instance, a lot of people are there because of the meme and the developers didn't sleep on that, they made it condussive for the community and everyone is cheating other with that to make money. Jumping from one meme to another.

The developers choose Solana or Ton because it doesn't require big fees. Meanwhile Ethereum requires big fees for any transaction. I can understand if people move to Solana and Ton platforms. Meme coins become trending nowadays, that's the reason Solana and Ton be more popular.

[dekafee79]

Totally.
I believe in ETH myself and I think that with BTC growing up, ETH will surely follow, thus investing in it is beneficial for sure.
Volatility won't be the issue if you will hold ETH for at least mid-term.

I have checked the yearly growth of Ethereum and there hasn't been any tangible trend apart from layer this and that, the ethereum gas fee that was speculated sometimes ago, people realized that it was because the activity has reduced due to Defi activities and not because of what the community where using as bait. The real factor is the decrease in number of transactions.

I see ethereum making moves but there must be something unique for people to come again. Look at Solana for instance, a lot of people are there because of the meme and the developers didn't sleep on that, they made it condussive for the community and everyone is cheating other with that to make money. Jumping from one meme to another.

Ethereum gas fee is currently low and it seems like ethereum dev has solved the problem, although ethereum growth seems to be not as good as other currently hyped networks like TON and also solana. But ethereum is still the most secure network, in my opinion.
Everything has its time, because usually new networks will be more popular and currently meme coins on solana and TON are hyped.

[Stompix]

But ethereum is still the most secure network, in my opinion.

Why do you consider it to be the most "secure" network, how do we quantify security?

of course someone will choose ethereum as an option for investing in altcoins. because the results are definitely promising where ethereum continues to be at the top of the altcoin rankings. and ethereum also tends to be more stable than SOL and doge coins. and ethereum has been proven to provide many benefits for its investors

Ethereum is one of the of the worst performing top 20 coins on a yoy basis.
Only DAI, Polka and XRP have performed worse than it, Ethereum is slowly losing its appeal, after all, it was a copy with a lot of features, but still a copy, now there are better copies of that competing with it!

[MRY]

Totally.
I believe in ETH myself and I think that with BTC growing up, ETH will surely follow, thus investing in it is beneficial for sure.
Volatility won't be the issue if you will hold ETH for at least mid-term.

I have checked the yearly growth of Ethereum and there hasn't been any tangible trend apart from layer this and that, the ethereum gas fee that was speculated sometimes ago, people realized that it was because the activity has reduced due to Defi activities and not because of what the community where using as bait. The real factor is the decrease in number of transactions.

I see ethereum making moves but there must be something unique for people to come again. Look at Solana for instance, a lot of people are there because of the meme and the developers didn't sleep on that, they made it condussive for the community and everyone is cheating other with that to make money. Jumping from one meme to another.

Ethereum gas fee is currently low and it seems like ethereum dev has solved the problem, although ethereum growth seems to be not as good as other currently hyped networks like TON and also solana. But ethereum is still the most secure network, in my opinion.
Everything has its time, because usually new networks will be more popular and currently meme coins on solana and TON are hyped.

Indeed, at the present, Ethereum gas fees have never been cheaper, with the help of factors like Ethereum 2.0 or layer-2 solutions. But Solana and TON remain competitors since they are capable of performing transactions in less time compared to Ethereum, and their fee rates are also much more affordable. But still, Ethereum has the upper hand in security and reliability which have been proved as years passed by, also the ecosystem is comparatively stronger. Yes, popularity of new networks is very important; especially where there is hype on certain project or certain coin but the strength of Ethereum from crypto industries’ perspective lies on stability and security. Keeping pace with innovation and improving the user experience is going to be a large challenge and opportunity for Ethereum in the future.