Bernstein Revealed What He Expects Next for Ethereum: "ETH Is Getting Ready for a Rise!"

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Bitcoinsistemi2024/12/03 12:33

By:Elif Azra Güven

Bernstein analysts noted that Ethereum could start to outperform.

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While the largest altcoin Ethereum (ETH) has been overshadowed by Bitcoin’s tremendous performance with its weak performance in 2024, the situation in ETH has started to change considering the recent positive inflows in ETF inflows.

At this point, Bernstein analysts speaking to Coindesk stated that Ethereum may start to perform better.

Analysts stated that spot Ethereum ETF inflows have increased, indicating a change in ETH's demand-supply dynamics and that Ethereum's underperformance compared to Bitcoin since the beginning of the year may have ended.

Blackrock’s Ethereum spot ETF saw more inflows than its rival Bitcoin on Friday, Bernstein analysts noted, noting that BlackRock’s spot ETH ETF recorded inflows of $250 million compared to Bitcoin inflows of $137 million.

Analysts also stated that staking returns could be another supporting force for ETH, stating that staking could come to Ethereum ETFs under the new Trump administration.

Bernstein analysts led by Gautam Chhugani said:

“Ethereum (ETH) has lagged Bitcoin (BTC) in performance since the beginning of the year, but recent spot ETF inflows suggest a turnaround.

We think ETH staking returns are likely to be approved under the new Trump administration and crypto-friendly SEC, which could be another boost for staking returns ETH.”

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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