The cryptocurrency market has once again slipped into the red territory. The wave of liquidation has raised Bitcoin to under $110,000, but Ethereum has been going back after it recently hit a fresh high. The immediate trigger was a massive sale. On August 25, a single entity dumped 24,000 BTC, causing a sudden flash crash.
While panic holds the market, analysts say the real question isn’t dip, and that Bitcoin and Ethereum could head by the end of 2025.
Ethereum shows strength against Bitcoin
Crypto analyst Lennaert Snyder explained that Ethereum currently shows relative strength against Bitcoin. ETH/BTC charts have fresh highs printed. This shows that even as Bitcoin calms down, capital is still spinning towards Ethereum.
“I hope ETH will outperform soon. I think Bitcoin will lift another leg after Ethereum calms down from the expansion stage,” he said in an interview with Coinpedia.
This turn between these two assets has historically marked an early stage in a new cycle, with Ethereum often first gaining Bitcoin before it regained its advantage.
Despite the short-term pain, Snyder remains bullish on the Bitcoin trajectory. He hopes that once the dust settles from the flash crash, the world’s biggest cryptocurrency will ultimately push high. “My estimated target is about $150,000/$180,000,” he said.
Ethereum’s long-term target
Bitcoin could make noise as digital gold, but Snyder believes Ethereum’s long-term growth will be equally strong. ETH can chart its own powerful run as Bitcoin reaches the next top.
“Ethereum’s ultimate goals are around $8,000 and $12,000,” Snyder shared.
When Bitcoin and Ethereum peak, capital often spins into altcoins. Snyder expects the same pattern as this cycle. “We are hoping that Ethereum will make another push after Bitcoin is potentially emerging, and altcoins are also making the moment shine,” he concluded.
