Analyst believes that Ethereum will end up outperforming Bitcoin
that states that Ethereum's performance compared to Bitcoin has been promising despite the dismal price action of most risk assets in 2022.
The growth of Ethereum may have hit an inflection point after the transition to proof-of-stake in September, which means that it may gain ground against both Bitcoin and the stock market. He also believes that a key support/resistance level for Ethereum is the $1,000-$2,000 range for the second largest cryptocurrency.
McGlone highlighted Solana's 97% drawdown as an example of speculative excesses in cryptos being purged after a frothy 2021. The major Ethereum competitor has been hit particularly hard by the collapse of the FTX exchange but has since recovered in light of the
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