'Bitcoin Skepticism Abounds as Ether Sets All-Time High' or 'Ether's Record High Sparking Bitcoin Doubts Among Supporters'

In a recent development, Ethereum (ETH) has been making waves in the cryptocurrency market, outperforming Bitcoin (BTC) in several key areas.

Tom Lee, a well-known Ethereum proponent and analyst at Fundstrat, has expressed his belief that Ethereum has a chance to surpass Bitcoin by market capitalisation. This bold prediction has sparked a flurry of discussions within the cryptocurrency community.

The past few weeks have been particularly brutal for Ethereum bears, with the most brutal session in weeks taking place yesterday, resulting in $468 million in liquidated short positions. This price rally has been so significant that it has even caught the attention of Google News.

Anthony Sassano, a long-term Ethereum proponent, has suggested that Ethereum is a better store of value and more decentralised than Bitcoin. He further adds that the cryptocurrency community should either accept Ethereum now or when it overtakes Bitcoin.

The Ethereum price rally has caused a significant shift in the cryptocurrency market. In the past four months, the ETH/BTC ratio has surged from 0.017 to 0.041, indicating that Ethereum has outperformed Bitcoin by more than 2.5 times. As a result, Ethereum is currently more valuable than Bitcoin in terms of the ETH/BTC ratio.

Raoul Pal, a seasoned economist and investor, expects the altcoin season to peak by mid-2026. He believes there is a big game yet to be played in the Ethereum market.

The recent price surge has caused Ethereum to reach an all-time high (ATH) of $4,885 on major spot exchanges on August 22, 2025. The price rally has since slowed, with Ethereum trading at $4,710 as of printing time.

The Ethereum community is speculating about potential targets for its price rally, with the closest bullish target being $5,000. The period of unstaking dropped below 15 days for the first time in weeks, a potential sign of growing interest in Ethereum.

It's worth noting that, as of the current search results, no specific person is mentioned in the provided sources as having made a forecast that Ethereum could surpass Bitcoin in market capitalisation. The sources mainly provide price and market cap forecasts or general expert views without naming a particular individual making that prediction.

However, Raoul Pal's statement about the altcoin season peaking by mid-2026 was covered by U.Today earlier today.

In conclusion, Ethereum's recent price rally has been impressive, outperforming Bitcoin in several key areas and causing a significant shift in the cryptocurrency market. Whether Tom Lee's prediction of Ethereum surpassing Bitcoin by market capitalisation will come to pass remains to be seen.