Well-Known Trader Claims ETH Is Outpacing Bitcoin

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Ethereum’s price movements have been notably underwhelming in 2025, with the altcoin finishing the first four months of the year in the red. However, ETH appears to be rebounding, making a significant leap above the $2,600 mark this past weekend.

A well-known trader on platform X has emerged with an optimistic outlook on Ethereum’s price direction. They suggest that ETH could soon surpass Bitcoin, the leading cryptocurrency by market cap, in the upcoming months.

‘ETH is Regaining Its Strength’ – Trader

In a recent message on X, the anonymous crypto trader Axel Bitblaze shared insights into why they believe the Ethereum price is currently well-positioned and might take the lead over Bitcoin. The trader outlined multiple factors suggesting Ethereum could see substantial growth soon.

Further Insights

Initially, Bitblaze highlighted BlackRock’s reported acquisition of 7,976 ETH (approximately $18.9 million) and their move towards staking exchange-traded funds. The trader posited that the approval of ETF staking could create genuine institutional demand with yield generation.

Additionally, Bitblaze pointed out that the accumulation of ETH by large holders, or ‘whales’, is another narrative that hasn’t received much attention. On-chain analytics reveal that these whales acquired 138,511 ETH (around $337 million) in just 48 hours. Coupled with $434 million in short liquidations, this has contributed to upward momentum for Ethereum.

The trader noted that more liquidity appears to be flowing into Ethereum compared to Bitcoin, even if this is specific to certain exchanges, as ETH’s trading volume outpaced BTC’s for the first time in several years.

Moreover, Bitblaze credited the Ethereum Pectra upgrade, activated on May 7, as a significant deflationary aspect influencing ETH’s future prospects. “In just a few days, around 38,000 ETH has been burned, elevating deflationary pressure,” the trader remarked.

Nonetheless, Bitblaze cautioned investors to proceed with care, as the current market sentiment seems excessively optimistic. While the latest on-chain data indicates a bullish trend, the Fear & Greed Index has reached extremely high levels, often signaling potential price retracements.

Ultimately, Bitblaze is optimistic that conditions are improving for Ethereum once again, predicting a bright future for the altcoin. Should this trend continue, the trader anticipates that ETH could approach $2,800 or potentially $3,000 before facing any significant corrections.

Current Ethereum Pricing Overview

At present, ETH is priced approximately at $2,580, showing an increase of over 10% in the past 24 hours. This daily movement highlights the altcoin’s remarkable performance in the last week. According to recent data, ETH has surged more than 40% over the past seven days.