Current cryptocurrency market: Ethereum’s rival cryptocurrencies have outpaced ETH amid growth driven by the US elections. These altcoins, optimized for smart contracts and open-source currencies, have made significant gains. Bitcoin also surpassed Ethereum in this growth rally, marking a notable trend in October and November.

Ethereum’s performance compared to competitors: Although Ethereum reached a peak of 3,450 USD, there are doubts about its ability to reach 4,000 USD. Concerns about its changeable codebase and complex architecture have created negative sentiment. Price trends indicate that from 23 October to 22 November, Ether increased by only 25%, lower than competitors like Solana, which increased by 56%.

Expert analysis and forecasts: Peter Brandt has pointed out that the ETH/BTC ratio is at a historic turning point. Analyst Ali Martinez predicts significant recovery for ETH in 2025, with potential for ETH’s price to surpass BTC. Interest from large institutions and spot ETFs is an optimistic signal for Ethereum in this growth cycle.

Development and support for Ethereum: The number of Ethereum staking participants grew by 30% in a year, surpassing one million in June. Despite being outperformed by competitors, strong market capitalization and institutional support still indicate Ethereum’s growth. The increase in transaction volumes and futures contracts also reflects Ethereum’s strength.