Dogecoin Founder Billy Markus Ridicules Ethereum’s Price Performance

As altcoins compete for a sweet spot in the bull season, Dogecoin founder Billy Markus called out Ethereum (ETH).

Dogecoin founder Billy Markus, also known as Shibetoshi Nakamoto, took a jab at Ethereum's lackluster performance in the bull market.

A price comparison chart shared by Markus showed Bitcoin (BTC) and Dogecoin (DOGE) making gains, while Ethereum (ETH) remained sluggish. BTC soared to new highs, reaching $94,891, while ETH dropped 6.2%.

The Dogecoin founder's sarcastic remark about Ethereum's "ridiculous" gas fees and "everybody having that one friend" was met with support from the DOGE Army. DOGE emerged as the clear winner in terms of monthly growth, clocking 171.5% gains, followed by BTC at 40%.

Meanwhile, crypto analysts remained bullish on Ethereum, pointing to several positive on-chain metrics. Analyst Ali Martinez noted that ETH ETFs were showing accumulation after a period of distribution.

Additionally, crypto whales had been topping up their holdings with $1.4 billion in Ether purchases over the past two weeks. According to Martinez's analysis, if prices continue to rise, ETH could target the $4,000 and $6,000 levels next.

To sustain the bullish thesis, ETH prices should not close below $3,000 daily. This support level is backed by 2.82 million wallets holding a total of 6.14 million in cumulative holdings, creating a strong demand zone for the altcoin. At press time, ETH traded at $3,078.77, as per CoinGecko’s independent digital asset aggregator.