Ethereum News Today: Ethereum's 100% rally sparks sell-off debate as Schiff advises switch to Bitcoin

Generated by AI AgentCoin World
Tuesday, Jul 22, 2025 1:26 am ET1min read
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Aime RobotAime Summary

- Peter Schiff, a gold advocate and crypto critic, advised Ethereum holders to sell ETH and switch to Bitcoin, claiming Ethereum is nearing its trading range peak.

- The debate highlights Ethereum’s $3,800 rally driven by institutional demand and crypto bill progress, though Schiff argues Bitcoin remains the stronger short-term option.

- Analysts countered that Ethereum’s smart contracts and staking potential offer long-term upside, while some criticized Schiff’s timing amid a stabilized ETH-to-BTC ratio.

- Market focus now shifts to Ethereum’s resistance levels; sustained momentum could defy Schiff’s warning, but a slowdown might validate his Bitcoin rotation strategy.

Peter Schiff, a well-known gold advocate and crypto critic, has advised

Ethereum
holders to sell their holdings and switch to
Bitcoin
. Schiff believes that Ethereum's recent rally, which has seen the cryptocurrency trade close to $3,800, may be peaking. He suggested that Ethereum is nearing the top of its trading range and that it might be better to sell it now and use the funds to buy Bitcoin instead. Schiff, who is not a fan of either cryptocurrency, sees Bitcoin as the stronger option for the moment.

Schiff's warning has sparked debate among analysts and investors. Many are questioning whether Ethereum’s rally has gone too far too fast. Schiff pointed out that ETH has struggled to outperform Bitcoin lately and that the recent gains may not be sustainable. He said the smarter trade right now could be switching to Bitcoin, especially if Ethereum hits resistance again.

The rise in Ethereum’s price is partly due to growing demand from institutions and excitement around Ethereum spot ETFs. In recent weeks, several companies have added substantial amounts of ETH to their reserves, with some also staking it to earn rewards. Meanwhile, ETH received a major boost during the crypto week, and the passage of three major crypto bills created a strong foundation for the ETH rally.

However, Schiff’s comment sparked reactions across the crypto space. Some argued that Ethereum’s long-term use cases, such as smart contracts and staking, still give it strong upside potential. Analyst Benjamin Cowen also suggested that the ETH to BTC price ratio had already bottomed before Schiff made his call, meaning the timing might not be ideal. People on X even mocked him for giving the same advice for Bitcoin previously.

Right now, Ethereum is showing strong momentum, but Schiff’s warning is a reminder that price swings can come fast. Traders should watch whether ETH continues to push higher or if resistance near current levels sends it lower. If momentum slows, Schiff’s idea of rotating into Bitcoin could gain more support. Either way, the market is clearly at a key turning point, and how Ethereum performs next will likely set the tone for altcoins in the coming weeks.