Ethereum will surpass Bitcoin in the next phase

In a recent statement, analyst Michaël van de Poppe shared his insights on the current situation and future movements of two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

According to van de Poppe, Bitcoin is currently experiencing a consolidation phase, hovering between crucial levels without clear direction. This phase could potentially set the stage for Ethereum to outperform Bitcoin in terms of performance, especially if the upcoming upgrades to the Ethereum network are successful.

Market Momentum

According to the latest data, Bitcoin is currently trading around $43,000 USD, experiencing a slight 0.5% increase over the past 24 hours. However, the trading volume has decreased by over 8%, indicating that BTC is facing some challenges in finding solid ground. Bitcoin's market dominance stands at 51%, underscoring its leading position in the cryptocurrency space.



On the other hand, Ethereum is showing signs of recovery and growth potential. ETH is currently trading around $2,375, experiencing a robust increase of over 3% in the past 24 hours. Ethereum's trading volume has also surged by 35%, reaching a level of $9.7 billion USD. The simultaneous increase in both price and trading volume indicates a growing interest and optimism surrounding ETH.


The potential for Ethereum to outperform Bitcoin, as predicted by Michaël van de Poppe, depends on various factors, including the successful deployment of Ethereum's upcoming upgrades. These improvements aim to enhance the scalability, security, and sustainability of the network, making it more attractive to developers and users. If these upgrades are executed as promised, Ethereum could establish a growth momentum in both price and technological advantage over Bitcoin.

Ethereum (ETH) Supply Begins to Decrease

The Ethereum network has recently witnessed a decrease in its supply, further diving into the realm of reduced issuance. Data this week indicates a shift in the supply with a decrease of 393.6 ETH, bringing the total current supply to 120,179,017 ETH. This decrease doesn't immediately impact the asset's price; however, a sustained trend of reduced issuance may signal positive developments for Ethereum's market performance.

A reduction in issuance implies that the amount of ETH being burned, taken out of circulating supply, is surpassing the amount of ETH being created or issued. Constricting the supply, especially if it continues consistently, can be advantageous for asset pricing by increasing scarcity and potential demand over time.



Analyzing the current chart, ETH is maintaining a stable state above the 100-day EMA (orange line), a significant market psychology indicator for the long term. This positive position, coupled with the recent supply reduction, establishes a solid foundation for potential growth scenarios.

The supply reduction mechanism introduced by Ethereum's EIP-1559 is expected to play a crucial role in the asset's long-term price dynamics. As the network reduces the overall supply, the relative value of each ETH token may increase if demand remains constant or rises. This could be seen as a precursor to a new short-term era for Ethereum, where network activity significantly influences inflation reduction.

The recent disruptions in the Solana network are also considered a favorable event for Ethereum. Historically, when alternative layer-1 networks face technical difficulties, Ethereum often benefits as the leading smart contract platform.