A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.”
An analyst has argued that Ether has a slim chance of hitting new all-time highs by the end of 2024, as the asset has struggled to build a strong narrative and keep up with the appeal of tech stocks.
However, several traders are adamant a price spike is just around the corner.
“Right now, Ethereum is struggling with a lack of a strong narrative to drive its price, especially compared to other assets,” Nick Forster, founder of crypto derivatives platform Derive and former Wall Street trader told Cointelegraph.
