Can Ethereum Reclaim Its 2021 Highs Against Bitcoin As Fundamentals Strengthen?
Ethereum is gaining attention as its fundamentals improve through scaling, higher staking participation, and a more efficient supply. Despite strong on-chain activity and TVL near record levels, ETH has lagged Bitcoin sharply, falling to around $2,100 and sending the ETH/BTC ratio lower. Standard Chartered’s Geoff Kendrick remains bullish, calling the weak price action temporary and projecting ETH at $4,000 by 2026 and up to $40,000 by 2030. The bullish case rests on Ethereum’s dominant role in stablecoins and tokenized real-world assets, both seen as major growth areas. Technically, ETH/BTC has followed a bearish retest and liquidity sweep pattern, and price is now near a key 0.75 Fibonacci zone where a base could form. A weekly bounce is showing early signs, while 12-hour RSI bullish divergence suggests accumulation. Confirmation of a sustained reversal is still pending.
