Forget about Bitcoin. If you want to buy a cryptocurrency right now, Ethereum is a much better deal.
In a cryptocurrency portfolio, where Bitcoin is the number one holding, Ethereum is widely regarded as the number two “must have.” It’s like owning silver in a precious metal portfolio – where gold is the top holding.
Bitcoin has put on a strong rally over the past few weeks, gaining more than 20% since early April. The King of Cryptocurrencies is rapidly approaching the $100,000 level.
Meanwhile, Ethereum hasn’t done much of anything. It’s up about 4% from the low in early April. But, Ethereum is still trading 50% below where it started 2025.
We’re now at the point where Ethereum is almost as cheap as it has ever been relative to Bitcoin.
Take a look at this ratio chart comparing the performance of Bitcoin to Ethereum…
When this chart is moving higher, Bitcoin is outperforming Ethereum. When the chart is falling, Ethereum is the stronger of the two.
As you can tell from the chart, Ethereum has been underperforming Bitcoin for the past two years. And, that underperformance has accelerated in 2025.
The last time Ethereum was this cheap relative to Bitcoin was in early 2020. Ethereum gained 2000% over the next two years, while Bitcoin rallied six-fold. Both went up. But, the gain in Ethereum was three-times that of Bitcoin.
That doesn’t mean we’ll see such stunning gains in the cryptocurrency market over the next two years. It does suggest, though, whatever happens with crypto over the next several months, Ethereum is likely to outperform Bitcoin.
Traders who are looking to buy one or the other, will likely do better buying Ethereum.
Best regards and good trading,
Jeff Clark
Editor, Market Minute
Free Trading Resources
Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just click here to check it out.