Share this article
Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Solana may see some consolidation in the near term following recent gains.
By Will Canny
Updated May 11, 2023, 6:04 p.m. Published Nov 4, 2021, 11:31 a.m.
Ether should rally to as high as $4,951 “with little to no resistance” after outperforming bitcoin recently and breaking through September highs, according to a report by FSInsight, a markets strategy and research firm.
FSInsight notes that ether prices have moved higher “without becoming noticeably overbought” on momentum gauges. “Further relative gains for ether over bitcoin still look to continue short term.”
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
Read more: Ether, Bitcoin to Strengthen in Coming Weeks, FSInsight Says
The firm’s first upside target for ether is $4,951, followed by $5,826.
FSInsight expects bitcoin’s breakout to new weekly highs to lead to a retest of the October peak near $67,000.
Solana’s SOL token “remains a near-term standout” after reaching $235, but may see some minor consolidation following the latest rally. FSInsight predicts further gains up to $308.60 and suggests buying during dips. If, however, there is a pullback, FSInsight sees first support in SOL at $178.56 and then at $152.54.
Bitcoin was trading recently around $61,800, ether at $4,530, and SOL at $242 as of publication time.
More For You
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
