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Between January 10 and January 12, Ether’s price experienced a notable 13.5% surge, surpassing the $2,650 mark for the first time since May 2022. This rally, contrary to expectations, was triggered by the approval of the spot Bitcoin (BTC) $42,991 exchange-traded fund (ETF). Despite Bitcoin’s 2% decline during the same period, questions arise about Ethereum’s ability to maintain its current $322 billion market capitalization at $2,553.




Over the past 60 days, Ether has outpaced Bitcoin, with a 27% increase compared to Bitcoin’s 24% positive move. This achievement is remarkable, considering the anticipation that the spot BTC approval would significantly boost its price, attracting new clients unable to directly acquire cryptocurrency. Looking ahead, Bloomberg ETF analysts suggest a 70% likelihood of an Ethereum ETF approval by May, in contrast to a 95% probability for Bitcoin.


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