As the year 2025 draws to a close, investors are inevitably turning their attention to the future. Looking back, the current year has been rather disappointing for the crypto market. Bitcoin is down around five percent year-to-date, and Ethereum is even more than eleven percent below its level at the beginning of the year. There can therefore be no talk of a classic bull year. However, it is precisely this cautious development that is fueling new discussions about opportunities in the coming cycle.
While Bitcoin continues to be considered a stable anchor, individual analysts see a more attractive risk-reward ratio for Ethereum of all things in 2026. The thesis: Ethereum could now be facing a phase of catching up to Bitcoin.
Ethereum facing possible revaluation in 2026
Crypto author and Ethereum analyst William Mougayar classifies the current market phase as a structural turning point. In his opinion, the weak relative development of Ethereum in recent years is explained less by fundamental deficits and more primarily by an extreme capital focus on Bitcoin. In a period of high uncertainty, Bitcoin was increasingly perceived as an independent asset class, comparable to digital gold. This revaluation caused Bitcoin dominance to rise sharply, while Ethereum temporarily lost market share.
What is crucial for Mougayar, however, is the recent countermovement. For several months now, Ethereum has been gaining dominance again, while Bitcoin’s share has been declining slightly. For him, this is an indication that the market is starting to become more differentiated again.
What will ETH’s % dominance be in 2026 vs. BTC vs. ALTs?
Read my prediction:
Over the past three years, crypto market structure has undergone a clear reordering. Bitcoin’s dominance rose sharply—from roughly 39% at its lows to as high as 65%—as markets increasingly recognized…— William Mougayar (@wmougayar) December 24, 2025
Ethereum benefits from its position as an economic and technical infrastructure. As a settlement layer for DeFi, tokenization and digital applications, the network performs a different task than Bitcoin. This is exactly where Mougayar sees the attractive risk-reward ratio: If this functional separation continues to be reflected in the market, Ethereum could regain significant market share in 2026.
A look at the trading pair Ethereum against Bitcoin remains interesting from a technical perspective. There has been a pronounced upward movement here since spring 2025. The striking intermediate high was already formed in August, after which the current correction began. However, the most recent development is crucial: Ethereum was able to overcome the previously clearly downward trend line against Bitcoin. The subsequent setback was moderate and confirmed this level as support so far. This means that the structure remains fundamentally bullish. However, new dynamics are needed for a sustainable next impulse.
Crypto Tip: Like Ethereum? Bitcoin Hyper is intended to strengthen BTC
At the same time, Bitcoin should by no means be ignored. Here too, exciting developments are emerging that go beyond the pure value storage narrative. Similar to Ethereum in previous market phases, the ecosystem itself is now moving more into focus. Layer 2 technologies are intended to make Bitcoin more scalable, versatile and functional in the future. It was precisely this expansion of the infrastructure that once gave Ethereum additional tailwind.
Bitcoin Hyper has become one of the most noticeable projects in the broader Bitcoin environment in 2025. The ongoing presale is already signaling an unusually high level of interest. Almost $30 million in capital raised suggests that the community is bullish here. Ergo, structural momentum appears to be building.
Directly to the Bitcoin Hyper Presale
Bitcoin Hyper follows a clearly defined Layer 2 approach that leaves Bitcoin itself untouched. The base layer remains the secure billing system, while a separate execution layer enables new applications. This architectural approach is considered comparatively low-risk and appeals to market participants who want to combine technological innovation with maximum network security.
Technologically, Bitcoin Hyper is based on the Solana Virtual Machine. This brings high processing speeds and efficient parallelization to the Bitcoin ecosystem. Native BTC can be converted into a tokenized form via a specially developed bridge and used within the Layer 2 environment. This opens up fast transactions, programmable processes and complex applications at significantly lower costs. The system is complemented by rollup structures and zero-knowledge mechanisms that combine scaling and security.
The developer focus is particularly relevant. By using Rust and its proximity to the Solana environment, existing applications can be transferred relatively easily. In this way, a living ecosystem is created quickly. If you want to be there, you can get in cheaply in the presale. The price will rise tomorrow and the first book profits will arise. Furthermore, staking HYPER is still possible for 39 percent APY.
Directly to the Bitcoin Hyper Presale
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