Institutional interest in Ethereum could lead to a supply shock, with Galaxy Digital CEO Michael Novogratz predicting Ether may outperform Bitcoin in the next 3-6 months. Ether trading at $3,618, could reach $4,000, according to Nansen. Major firms like BitMine and Sharplink have acquired billions worth of ETH.

Ether Machine plans to list on Nasdaq with over $1.5 billion in ETH under management. Novogratz sees continued buying of Ether, with predictions of hitting $10,000 by year-end. Ether is outperforming Bitcoin, with the ETH/BTC ratio up 36.53% in the past 30 days, currently at 0.03116.

Novogratz believes Bitcoin could reach $150,000, citing a positive narrative. Bitfinex analysts suggest Bitcoin may target $136,000, potentially signaling a peak. Novogratz warns that a change in US interest rates could impact his prediction, but until then, he sees Bitcoin heading towards $150,000.

Read more at Cointelegraph: Ether May Soon Outperform Bitcoin: Michael Novogratz