While Bitcoin has already set fresh all-time highs, Ethereum continues to lag behind its peak, leaving many investors wondering when the top altcoin will catch up.
Despite recent momentum, ETH remains below its previous record, and some market watchers are growing cautious.
Still, optimism persists. In a recent interview with Coinbase, Byzantine Capital’s co-founder March Zheng expressed confidence in Ethereum’s long-term potential.
He pointed to the network’s recent Pectra upgrade and its lower inflation rate compared to Bitcoin as factors that could support future price appreciation. Zheng believes these features may help Ethereum assert itself as the dominant Layer-1 blockchain.
He also argued that Ethereum maintains an edge over Solana when it comes to scalability—an advantage he says will become increasingly important as blockchain adoption grows. In Zheng’s view, Ethereum is entering a key phase of growth, with 2025 shaping up to be a pivotal year.
However, short-term expectations remain subdued. Betting markets on Polymarket currently assign just a 27% probability that ETH will reach a new all-time high before 2026. While sentiment is broadly positive, Ethereum’s road to a breakout may take longer than some expect.
While Bitcoin continues to capture attention with its strong 2025 outlook, several altcoins may be facing near-term turbulence.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
Ethereum appears to be entering a pivotal stage, with subtle shifts across its ecosystem hinting at a potential breakout.
Ethereum could one day surpass Bitcoin in value, not through speculation, but by anchoring a new kind of financial system, according to a key blockchain executive.