Bitcoin vs Ethereum: Will the prince of cryptocurrencies finally wake up?
The end of the year is often synonymous with fireworks. Still, as the fourth quarter of 2025 gets under way, the familiar story seems to be unfolding with palpable tension. Bitcoin maintains its crown. Its second, Ethereum, is struggling to keep up. But the question is on everyone’s lips: does Ethereum still have the cards in hand to stage a spectacular turnaround by the end of the year?
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Bitcoin Dominance: The Basic Trend
The raw numbers are clear. Since the beginning of the quarter, while Bitcoin has cut his losses to around 9%Ethereum is down more than 18%. The ETH/BTC ratio, a barometer of Ethereum’s relative strength, has hit a low seen in years. For many investors, the message seemed clear: capital prefers the perceived safety of Bitcoin.
So why this contradiction? Several structural factors act on Ethereum:
- the rise of layer 2 solutions fragments activity and captures some of the transaction costs;
- market narratives have evolved towards artificial intelligence;
- memecoins or real-world asset tokenization (or RWA).
Finally, Ethereum’s position as the leading trading pair exposes it to constant selling pressure. Financial flows towards ETFs confirm this trend, with more significant capital outflows from Ethereum-linked products.
Weak signals of a trend reversal
However, ignore the signals that are flashing in favor of Ethereum would be a mistake. The picture is far from bleak. Under the surface, opposing currents form. The first signal came from the depths of the market. When the price of ETH flirted with $3,000 in early November, blockchain data revealed a buying frenzy by “whales”. Almost $1.4 billion worth of ETH was accumulated in a single day. It is a sign that does not mislead.
Another pointer comes from derivatives market. Ethereum has seen a much deeper deleveraging than Bitcoin, with $30 billion in open interest compared to $24 billion for its predecessor. It is clear that the Ethereum market is healthier, less saturated with speculative bets. This is a firmer ground for building a new bullish momentum.
Perhaps the most compelling analysis comes from Bitwise. Their “ETH/BTC Core Indicator” suggests that Ethereum is currently in one of the most extreme undervaluation zones in its recent history. According to their model, such a level of discount occurs statistically in only 5% of cases. This is a strong “reversion to the mean” signal. Analysts like @DaanCrypto on X also highlighted that the overall performance for the year remains strong.
An impending twist?
So will there be a turnaround tomorrow? Nothing is ever certain in this universe. Bitcoin could continue to attract attention, especially with bold predictions that it will reach up to $200,000 by the end of the year. But the arguments for Ethereum’s strong comeback are piling up. Between the massive accumulation of savvy investors, a cleaned-up derivatives market and glaring fundamental undervaluation, the foundations for a recovery appear to have been laid.
Ethereum’s path is perhaps more volatile, more complex. But it is in these moments of doubt that the most spectacular twists are often prepared. To navigate these murky waters and identify opportunities before they become apparent, relying on in-depth analysis is critical. This is precisely the mission of the 25% Club, which is dismantling DeFi to optimize returns without exposing itself to excessive volatility.
The fourth quarter isn’t over yet. And Ethereum certainly hasn’t had its last word.
Opinion 21M ⭕
21M ⭕ is a cryptocurrency investment community for the 25% Club, a strategy designed to generate a stable return of 25% per year for 10 years, without active trading.
If some altcoins are resisting and institutions are preparing for their return, one thing is certain: passive and safe strategies they will be big winners this cycle. On club 25%we bank verified DeFi mechanisms generate 25% per year, without betting on the price of bitcoin and ethereum.
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