Altcoins News

Story: Peter Schiff Says Sell Ethereum as ETH Hits $3,800, but Traders Push Back

By Steven Anderson

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Peter Schiff Claims ETH Upside Is Limited. On social media platform X, Peter Schiff posted that Ethereum’s rally is just a brief recovery…

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ETH Rally Driven by ETFs and Treasury Buys. Schiff’s warnings come at a time when Ethereum is enjoying renewed interest from institutional…

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Crypto Community Mocks Schiff’s Take. Unsurprisingly, Schiff’s bearish call was met with sharp criticism from the crypto community.

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ETH vs BTC: Which Is the Better Bet?. The broader conversation now centers on Ethereum’s role versus Bitcoin’s in a maturing crypto…

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Final Thoughts. While Peter Schiff remains unconvinced by Ethereum’s recent rally, the broader market seems to be…

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Ethereum’s impressive climb to $3,800, its highest level since January, has drawn a mixed response from the crypto world.

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However, Schiff’s remarks have not gone unchallenged. Several crypto analysts and companies have fired back, defending Ethereum’s fundamentals and pointing to renewed…

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“ETH is nearing the top of its range,” Schiff wrote. “It’s a good time to get out and rotate back into Bitcoin.”

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Despite his general skepticism toward both assets, Schiff emphasized that his view was based on technical analysis, not personal bias.

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Part of the bullish sentiment stems from corporate treasury involvement. Companies like BitMine and SharpLink have added significant quantities of ETH to their balance sheets.

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This kind of institutional support has led many analysts to argue that ETH has become more than just a speculative asset.

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In a separate response, crypto analyst Benjamin Cowen weighed in with technical data. He posted a chart of the ETH/BTC pair, suggesting that Schiff’s timing was poor.

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“Schiff is always late to the party,” Cowen noted, implying that traders who follow Schiff’s advice may end up on the wrong side of the trade.

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Ethereum’s current price strength relative to Bitcoin has reignited debate over which asset offers more upside.

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Still, Schiff’s critique underscores a persistent viewpoint in financial circles — that Ethereum’s future is less certain due to competition from other blockchain platforms,…

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