Ethereum may continue outperforming Bitcoin as ‘programmable money’ may be ETH’s new slogan

Ethereum could potentially outperform Bitcoin as the crypto community embraces the slogan of ‘programmable money’ for ETH. This comes as whales continue to accumulate ETH despite recent price spikes. The momentum of Ethereum has slowed down as attention shifts towards ETF hype and the approval of spot ETH ETFs. Bloomberg analyst Eric Balchunas suggests that Ethereum needs a concise narrative like Bitcoin’s “digital gold” to attract mainstream adoption, with ‘programmable money’ leading the poll for the new slogan. Nate Geraci, President of the ETF Store, speculates that the registration for spot ETH ETF S-1 applications may happen within the next few weeks or months. Santiment analyst @brianq highlights that Ethereum whales have accumulated a significant amount of ETH, suggesting that ETH’s price has the potential to continue rising. Despite complaints about Ethereum’s poor price performance compared to Bitcoin, the approval of spot ETH ETF filings has helped Ethereum outperform Bitcoin in the past month. However, ETH’s current sideways movement suggests a temporary slowdown until there is more clarity on the S-1 approvals. A catalyst, such as positive updates on the ETF approvals, may be necessary for ETH to break past the $4,000 key level.