Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin
Ethereum has shown disappointing price performance in 2025, closing the first four months at a loss. Recently, ETH has surged above $2,600. Trader Axel Bitblaze predicts that Ethereum may surpass Bitcoin in market capitalization due to several factors. BlackRock's purchase of 7,976 ETH and potential approval of ETF staking could drive institutional demand. Whales have accumulated 138,511 ETH worth approximately $337 million recently, contributing to positive momentum. ETH's trading volume has exceeded Bitcoin's for the first time in years. The Ethereum Pectra upgrade has also increased deflationary pressure, with around 38,000 ETH burned since its launch. Despite bullish indicators, market sentiment is at extreme greed, suggesting potential price pullbacks. Bitblaze anticipates ETH could reach $2,800 or $3,000 before facing major corrections. Currently, ETH is priced at about $2,580, reflecting a 10% increase in 24 hours and over 40% growth in the past week.
