Ethereum has outperformed Bitcoin in recent weeks, driven by bullish fundamental catalysts that have prompted capital rotations. Multiple time frames reflect this trend, and the last 24 hours are no different, with Bitcoin declining 0.7% while Ethereum rises 0.7%.
This move has caused a long-term whale to reposition this week, selling a substantial amount of Bitcoin to long Ethereum. Meanwhile, JPMorgan analysts have noticed Ethereum’s strength and outlined four reasons why it’s happening.
Ethereum’s momentum is good news for the broader altcoin market, as the shifting power dynamic reduces Bitcoin dominance, paving the way for an “Altcoin Season.” During altcoin seasons, smaller cryptocurrencies often deliver their most significant gains, far surpassing those offered by $BTC itself.
With that in mind, savvy traders are now scouting for the best crypto to buy, aware that a continued weakening of Bitcoin could trigger a surge in altcoin prices as liquidity rotates in the weeks ahead.
Whale Sells $75 Million Bitcoin to Long Ethereum
A Bitcoin whale holding around $1.67 billion worth of coins sold $75 million to open leveraged long positions on Ethereum on 21 August, highlighting the optimistic outlook for Ether’s price compared to Bitcoin.
Over the past month, Bitcoin has decreased by 4.5%, while Ethereum has increased by 17.4%. The whale’s move to sell Bitcoin and buy Ethereum reflects a “strategic rotation into alternative assets due to expectations of growth,” said Slava Demchuk, CEO of blockchain analysis firm AMLBot.
Additionally, JP Morgan analysts pointed out four main catalysts for Ethereum’s outperformance:
- Expected approval for staked Ethereum ETFs
- Corporate treasury purchases
- SEC staff clarifications ease concerns over liquid staking tokens
- In-kind ETF redemptions are improving efficiency and liquidity
Regarding in-kind ETF redemptions, JPMorgan analyst Nikolaos Panigirtzoglou noted in a Wednesday report that they provide “more efficiency, a reduction in costs, and greater market liquidity to these ETFs and mitigate the need for liquidations during large withdrawals by investors.”
Ultimately, thanks to a string of bullish fundamental developments, investors are shifting profits from Bitcoin into Ethereum to maximize gains. This is causing Ethereum’s momentum to intensify, which is driving up demand even more.
However, historical patterns suggest the next step will be capital flowing out of Ethereum and into the broader altcoin market as investor confidence and risk tolerance increase. This is the period where the biggest gains are likely to occur and when Altcoin Season officially begins. With that in mind, let’s explore three cryptocurrencies to buy now.
Best Wallet Token
Best Wallet Token is a new cryptocurrency supporting Best Wallet, a multichain crypto wallet with many innovative features. The project supports Bitcoin, Ethereum, XRP, Solana, Cardano, and over 50 other blockchains, meaning that wherever liquidity flows, Best Wallet is positioned to benefit.
Its features go well beyond most non-custodial wallets and resemble the user experience of leading centralized exchanges like Binance or Coinbase. It offers a cross-chain DEX, futures trading, a crypto debit card, a staking aggregator, an NFT gallery, and much more.
The key advantages of Best Wallet over centralized exchanges are that it’s KYC-free, fully secure, and users have 100% control of their funds at all times.
Currently in presale, Best Wallet Token has already raised $15 million. This indicates strong demand but also suggests significant growth potential due to its early stage.
As mass liquidity rotations unfold, Best Wallet’s multichain approach could make it one of the cryptos that benefit most. Visit Best Wallet Token.
Ondo
Ondo is an Ethereum-based real-world assets (RWA) protocol that offers various tokenized financial products, including a yield-bearing stablecoin backed by US treasuries, as well as bonds and money market funds. The project provides on-chain investors access to assets that were previously limited to traditional and institutional markets.
It is the largest RWA protocol on the market. Also, it ranks among the top DeFi operations on Ethereum, with a current market capitalization of $2.9 billion and a total value locked (TVL) of $1.3 billion. This TVL indicates actual adoption and suggests potential for future price increases as Ethereum continues to grow.
Ondo’s TVL has more than doubled from $550 million in January 2025, highlighting its rapid momentum. However, its price has fallen by roughly 50% since its peak, which may signal that it is undervalued and could see substantial gains as more liquidity rotates, especially given its strong presence on Ethereum.
TOKEN6900
Bullish phases in the altcoin market often share one common feature that has been easy to predict since 2021: meme coin prices surge. The viral and straightforward nature of meme coins makes them appealing to both beginners and advanced investors who are seeking to maximize returns.
Regarding Ethereum-based meme coins that could benefit from Ether’s recent strength, TOKEN6900 shows massive potential. It’s a spin-off of SPX6900, a project that has gained over 10,000% in the past year.
TOKEN6900 has a similar story: it’s anti-S&P, anti-TradFi, but pro ‘69 energy.’ It claims that we’re in an era called late-stage capitalism, dominated by “brain-rot finance,” and it says that TOKEN6900 is the only answer. It has no utility, fundamentals, or roadmap – just vibes.
The project is playful and degen-friendly, which is precisely why it could go viral like SPX6900. Additionally, it’s currently available via presale, having raised $2.3 million so far.Its total raise signals strong early momentum, but the presale ends in just six days. This could prove a great opportunity to jump into a new coin with immediate upside potential. Visit TOKEN6900.
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