Bitcoin may surpass Ethereum, leading to concerns over ETH's future in the crypto market.

From Investing.com

November 21, 2024 08:00 AM:

The price of Ethereum (ETH) has plummeted by 46.99% against Bitcoin (BTC) this year, hitting 0.03187 BTC per ETH, a level unseen since March 2021. Expert trader Peter Brandt expressed concern over ETH approaching a crucial support level from 2017, questioning the future of the major altcoin in comparison to Bitcoin.

The performance of Ethereum has sparked discussions in the crypto market, with many wondering if Bitcoin will finally overtake and dethrone Ethereum. Despite the negative sentiment surrounding ETH, it remains a prominent asset worth billions of dollars, attracting attention from traders and investors.

Brandt’s question about the fate of Ethereum in relation to Bitcoin highlights a key moment in the crypto market, where ETH may face challenges maintaining its market share against competing cryptocurrencies like Solana (SOL). The market dynamics suggest a potential shift in dominance that could impact Ethereum’s position in the digital asset landscape.

Read more at Investing.com: Bitcoin to Finally ‘Bury’ Ethereum? Peter Brandt Issues Grim Epic ‘Letter From the Grave’ Call By U.Today