Ethereum could steal the show from Bitcoin

Although it doesn't look like it now, Ethereum could recover quickly in the coming weeks, according to a report from K33 Research. The analysts believe this is due to a possible Ethereum Spot ETF in the US. They expect the Ethereum Spot ETF to be approved this month.

The Ethereum price may "fall immediately after the launch of the ETFs," the report said, but rise in the medium term due to ETF inflows. Experts estimate that the ETFs could buy up to one percent of circulating Ethereum stock. Vetle Lunde, Senior Analyst at K33, indicates that "ETFs will be an important catalyst for the ETH price."

K33 Research is less optimistic about Bitcoin price trends. Continued selling pressure on multiple fronts could hold back a price rise.

"We expect net selling pressure to strain Bitcoin in an otherwise quiet summer market," said K33 Research. Reasons include sales by miners, the BKA, and Mt.Gox payouts.