Recent analyses by institutions have pointed out that Ethereum's absolute dominance in stablecoins, RWA (real-world assets on-chain), and the DeFi ecosystem, combined with continuous optimization of network throughput, could become the core driving force behind ETH's relative outperformance compared to Bitcoin.

Specifically, this institution predicts that the ETH/BTC ratio may re-approach the 0.08 level—its high point in 2021—indicating strong confidence in Ethereum's competitiveness. Interestingly, they have also adjusted their short-term expectations: the 2026 ETH price target has been lowered from a higher previous level to $7,500, reflecting a realistic view of market cycles.

However, from a long-term perspective, the institution's attitude is even more optimistic. They have significantly raised the 2029 price target, with a clear signal—Ethereum's narrative is not about short-term fluctuations, but about the fundamental strength of its ecosystem. The landing of stablecoin networks, RWA track developments, and the deepening of DeFi liquidity are all solidifying Ethereum's position as a settlement layer.