Claim BonusEthereum (ETH) Showing Strength Over Bitcoin (BTC), Will It Outperform Once Again in 2022?
The world’s second-largest cryptocurrency Ethereum (ETH) has been an outperformer throughout 2021 ending the last year with a solid 250% return. Once again ETH has managed to outperform its top rival BTC by a great margin.
While the crypto market has been consolidating over the last week and so, Ethereum seems to be once again showing strength over Bitcoin. Based on the technical charts, popular crypto analyst Michaël van de Poppe writes:
Ethereum is showing more strength than Bitcoin at this point. A beautiful retest of that region around $3,500, which should be enough for this correction. Clear confirmation = break above $4,100.
Many analysts had given $10K price targets for Ethereum by the end of 2021. However, that didn’t materialize. But this hasn’t stopped analysts from being bullish about Ethereum going into 2022.
Many analysts believe that Ethereum can still achieve this milestone and even higher ahead this year. Continuing with his bullish stand on Ethereum Poppe notes that the goal should be to outperform Ethereum and not Bitcoin, for other competitors.
Shark Tank’s Kevin O’Leary Bets Big on Ethereum
In an interview with Forbes last week, Shark Tank’s Kevin O’Leary said that he views “the entire crypto industry as software development teams”. Thus, he continues to be more bullish on Ethereum than over Bitcoin. O’Leary noted:
Ether is my largest position, bigger than bitcoin. It’s because so many of the financial services and transactions are occurring on it. Even new software is being developed like Polygon that consolidates transactions and reduces the overall cost in terms of gas fees on Ethereum.
Well, Ethereum is also heading for a massive upgrade this year to the Proof-of-Stake (PoS) blockchain platform. This will exponentially increase the Ethereum network capabilities making it more scalable and cost-effective in terms of gas fees. It will be interesting to see which other Ethereum Layer-1 competitors gain traction going ahead.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- South Korea Lifts Nine Year Ban on Corporate Crypto Investments
- India’s FIU Tightens Crypto Oversight, Mandates Live Selfies, Geo-Tagging, and Stricter KYC
- Dogecoin ETF by 21Shares Gains Approval to Launch This Week
- Coinbase Pushes Back as CLARITY Act Faces DeFi and Stablecoin Reward Ban Debate
- Tether At Center Stage in US Venezuela Conflict As 80% Oil Revenue Stays in Stablecoin
- Binance Coin Price Target $1,000 as CZ Signals Incoming Crypto Super Cycle
- Bitcoin and XRP Price Prediction Ahead of Supreme Court Tariffs Ruling on Jan 14, 2026
- Crypto Price Prediction Ahead of US CPI Inflation Data- ETH, ADA, Pi Coin
- XRP Price Outlook Ahead of Jan 15 CLARITY Act Vote
- Bitcoin Price Prediction: Digital Gold in Focus Amid US Strategic Crypto Reserve Talks
- Pi Network Price Prediction Ahead of 2026 First Upgrade
