Ethereum vs Bitcoin – Here’s why analysts are divided about the 2025 bull market

Ethereum faces growing doubts about its ability to outperform Bitcoin in the 2025 bull market.

Cryptocurrency enthusiasts and analysts are keeping a close eye on the upcoming 2025 bull market, speculating on which digital assets will lead the charge. While Bitcoin and Ethereum are always热门候选人, questions are being raised about Ethereum’s ability to deliver strong gains this time around.

Over the past year, Ethereum has faced several challenges that could impact its performance in the 2025 bull market. One key concern is the increasing competition from other Layer-1 blockchains, such as Solana, Avalanche, and Polygon. These networks have attracted significant attention and capital, offering faster transaction speeds, lower fees, and a wider range of applications compared to Ethereum.

Another factor that might hinder Ethereum’s performance is the delay in its Shanghai upgrade. Initially scheduled for March 2023, the upgrade has been pushed back several times and is now expected to occur in 2024 Q2. This delay could limit the availability of staked ETH, affecting the overall liquidity and price appreciation potential of the asset.

However, it's important to note that Ethereum still holds several advantages that could contribute to its strong performance in the 2025 bull market. The network benefits from a vast ecosystem of decentralized applications (dApps), ranging from DeFi protocols to NFT marketplaces. This diverse application landscape attracts users, developers, and capital, creating a self-reinforcing cycle of growth.

Moreover, Ethereum's upcoming upgrades, such as EIP-4844, are designed to significantly improve the network's scalability and efficiency. These upgrades could enhance Ethereum's capacity to handle large volumes of transactions at a lower cost, making it more attractive for various use cases.

Ultimately, the performance of Ethereum in the 2025 bull market will depend on a combination of internal factors, such as network upgrades and ecosystem development, and external influences, including the broader economic climate, regulatory landscape, and technological advancements.