Daily Crypto News

Ethereum Approaches “Do or Die” Level Against BTC, Analyst Claims

Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend and the related…

Share with Others

Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend and the related tokens’ reliance on the second-ranked crypto asset.

But since things have reversed and Bitcoin has gone on its own individual run, on the ETHBTC trading pair, Ethereum has reached a point of “do or die” according to one crypto analyst. Here are the key levels and factors to look for in the weeks ahead to see if the top altcoin was able to withstand the force of a BTC bull run, or if it gets chewed up and spit out as Bitcoin has done so recently.

Ethereum Approaches Do Or Die Level Against On BTC Trading Pair

Bitcoin has been surging for the last few weeks while altcoins have struggled to come anywhere near close to the top crypto asset’s bullish momentum.

A surge of buying after a key breakout combined with sudden PayPal support and a massive increase of corporations adding BTC to their treasure reserves.

Related Reading | Ethereum Lagging Behind Bitcoin Could Demonstrate Altcoin Weakness

With so little BTC supply to go around, the buying has resulted in an explosive move. And with Bitcoin potentially heading off onto a new bull run, crypto investors have been dumping their altcoins and FOMO buying the leading cryptocurrency by market cap.

It has even put a major damper on Ethereum, which spent the rest of the year outperforming Bitcoin by a mile. But with DeFi floundering itself, there’s nothing left to prop up the top altcoin any longer. And its left Ethereum on the ropes against Bitcoin, and at a “do or die” level on the ETHBTC pair.

Its do or die for the top altcoin according to il Capo of Crypto via Twitter | Source: ETHBTC on

How A Bitcoin Bull Run Could Leave Altcoins And DeFi Bleeding Out

According to a crypto analyst and their interpretation of the ETHBTC chart, the top altcoin is facing a “do or die” level against Bitcoin.

If Ethereum falls further, the altcoin could dive on the USD pair, while Bitcoin keeps on racing toward all-time highs. Other crypto analysts have called for such a scenario to play out any day, and the theory is presently being proven correct.

Related Reading | Ethereum Matching Market Psychology Roadmap Leads To Bull Run Next

BTC dominance, a crucial metric weighing Bitcoin against the rest of the crypto market cap, also points to prolonged altcoin weakness against the most dominant crypto.

Unfortunately for Ethereum, most takes suggest that the altcoin will choose “die” against Bitcoin for the rest of the year, but in early 2021, the altcoin season that follows will be something not to be missed.

Featured image from Deposit Photos, Chart from

What Do Experts Say About the Bitcoin Price in 2030? A Glimpse Into BTC’s Future

Bitcoin has become a popular investment choice due to its potential for significant financial gains. A major consideration in investing in Bitcoin is predicting the cryptocurrency's value in the future ...
Read More

5 Things to Consider Before Investing in Cryptocurrency

5 Things to Consider Before Investing in Cryptocurrency There is no question that cryptocurrencies have established a new investing sector. With the value of digital currencies such as Bitcoin over ...
Read More

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
Read More

What Online Industries Affect The Growth of Crypto the Most in 2023?

A cryptocurrency is a form of digital asset that may be traded freely, independent of a bank or centralized authority. The $1 trillion cryptocurrency industry is now represented by 23,994 ...
Read More

New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
Read More
Share with Others