Samson Mow Warns Ethereum Gains May Be Short-Lived as Investors Shift to Bitcoin

Samson Mow, CEO of JAN3, cautioned that recent gains in Ether may be temporary as some investors are reallocating profits back into Bitcoin. He highlighted that many ETH holders possess BTC from earlier investments and are using it to inflate ETH prices.

Mow suggested that when Ether reaches a significant price point, these holders might sell, creating a “Bagholder’s Dilemma” for new buyers.

ETH/BTC Dynamics

The ETH/BTC ratio increased to approximately 0.036, up from a low of 0.018 in April.
Ether's price peaked at $4,310, marking a weekly gain of 21%.
Ether is about 12% below its all-time high of $4,880 from 2021.

Some analysts interpret the ETH surge as a bullish trend that could lead to a mini altseason before capital flows back to Bitcoin, potentially pushing BTC to $140,000.

Market Signals

Institutional interest and new strategies are influencing Ether's rise, according to Nick Ruck from LVRG Research.
Increased demand has contributed to higher total value locked in DeFi platforms.
Ether's weekly candle closed at levels not seen since November 2021, indicating positive momentum.
Bitcoin dominance decreased by about 10% since late June, showing a shift towards altcoins.

The current market exhibits strong ETH momentum while remaining susceptible to profit-taking risks.