{"id":65521,"date":"2025-05-11T16:30:51","date_gmt":"2025-05-11T16:30:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65521"},"modified":"2025-05-11T16:30:51","modified_gmt":"2025-05-11T16:30:51","slug":"ethereum-surges-past-2600-popular-trader-says-eth-is-leaping-ahead-of-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65521","title":{"rendered":"Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin"},"content":{"rendered":"

The price performance of Ethereum has been one of the most disappointing features of 2025, with the altcoin closing the first four months of the year at a loss. However, the ETH price appears to be witnessing a strong resurgence<\/a>, staging a significant return above the $2,600 level this weekend.<\/p>\n

Interestingly, a popular trader on the social media platform X has come forward with a positive case on the Ethereum price trajectory. According to the crypto pundit, ETH seems set to overtake Bitcoin, the world\u2019s largest cryptocurrency by market capitalization, over the coming months.<\/p>\n

\u2018ETH Starting To Feel Like ETH Again\u2019 \u2013 Trader<\/h2>\n

In a recent post on X<\/a>, pseudonymous crypto trader Axel Bitblaze took a deep dive into why they think the Ethereum price is currently in a strong position and could take the lead ahead of Bitcoin. The online pundit stated several reasons Ethereum could experience significant growth in the next few months.<\/p>\n

Firstly, Bitblaze mentioned BlackRock\u2019s reported purchase of 7,976 ETH (worth about $18.9 million) and push for staking exchange-traded funds. The crypto trader believes that the approval of ETF staking could introduce real, yield-generating institutional demand.<\/p>\n

Additionally, according to Bitblaze, ETH accumulation by whales is another narrative flying<\/a> under the radar. On-chain data shows that whales have purchased 138,511 ETH (worth about $337 million) in the past 48 hours. This, combined with $434 million in short liquidations, has brought some momentum to the Ethereum price.<\/p>\n

Bitblaze noted that more liquidity seems to be flowing into the Ethereum token than Bitcoin, even though it might be exchange-specific, as ETH\u2019s trading volume surpassed BTC\u2019s volume for the first time in years.\u00a0<\/p>\n

Furthermore, Bitblaze credited the Ethereum Pectra upgrade, which went live on May 7, as one of the deflationary factors behind ETH\u2019s future potential. \u201cIn just a few days, ~38,000 ETH has been burned, increasing deflationary pressure,\u201d the trader added.<\/p>\n

However, Bitblaze advised investors to exercise caution, as the market sentiment seems to be overheated at the moment. While the latest on-chain data points to a bullish environment, the Fear & Greed Index is at extreme greed, which is often a precursor to minor price pullbacks.<\/p>\n

Ultimately, Bitblaze believes that stars are beginning to align for the Ethereum token<\/a> again, and that the sun might shine on the altcoin again. If this happens, the trader believes that the ETH price could travel toward $2,800 or even $3,000 before seeing any major correction.<\/p>\n

Ethereum Price At A Glance<\/h2>\n

As of this writing, the price of ETH sits at around $2,580, reflecting an over 10% increase in the past 24 hours. This single-day action underscores the altcoin\u2019s impressive performance over the past week. According to data from CoinGecko, ETH is up by more than 40% in the last seven days.<\/p>","protected":false},"excerpt":{"rendered":"

The price performance of Ethereum has been one of the most disappointing features of 2025, with the altcoin closing the first four months of the year at a loss. However, the ETH price appears to be witnessing a strong resurgence, staging a significant return above the $2,600 level this weekend. Interestingly, a popular trader on […]<\/p>\n","protected":false},"author":0,"featured_media":65522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65521"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65521"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65522"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}