Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin 🚀
Ethereum's price recently surged past $2,600, marking a strong rebound after a disappointing start to 2025. A popular trader, Axel Bitblaze, has expressed optimism about Ethereum, suggesting it could overtake Bitcoin in the coming months. Bitblaze cites several reasons for this potential growth, including BlackRock’s purchase of 7,976 ETH and its push for staking ETFs.
Additionally, Ethereum’s on-chain data reveals whale accumulation, with 138,511 ETH purchased in the past 48 hours, and $434 million in short liquidations boosting momentum. Bitblaze notes that Ethereum's trading volume surpassing Bitcoin’s is significant as well. The Pectra upgrade and recent ETH burning enhance Ethereum's deflationary prospects.
While Bitblaze advises caution due to overheated market sentiment, they believe Ethereum could reach $2,800 or even $3,000 before any major correction. Currently, ETH is priced at about $2,580, reflecting a 10% increase in the last 24 hours, and a 40% rise over the past week.
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