Glauber Contessoto, known as the 'Dogecoin millionaire', predicts a significant shift in institutional investment from Bitcoin to Ethereum as the latter matures, emphasizing its potential for development.

Recent reports from Coinglass reveal that Ethereum's open interest has surged to $18 billion, signaling increased market activity and interest.

Supporting this trend, data from IntoTheBlock shows a remarkable 79.9% increase in large transaction volume for Ethereum, along with a notable rise in transactions exceeding $100,000.

Despite Ethereum's current sluggish performance, analysts remain optimistic about its long-term growth potential, driven by increasing institutional adoption and a robust ecosystem.

Contessoto forecasts that if Bitcoin reaches $200,000, Ethereum's price could soar to $15,000, highlighting the interconnectedness of the two cryptocurrencies.

He further emphasizes Ethereum's appeal to institutional investors, describing it as a reliable blockchain for application development, in contrast to Solana, which he refers to as a 'meme coin blockchain'.

However, trader CrediBULL Crypto warns that if Bitcoin faces rejection at its current range highs, Ethereum may stagnate or dip below $2,800, potentially creating a buying opportunity.

Acknowledging the current frustrations in the market due to Ethereum's underperformance, Contessoto remains confident that it is well-positioned for future growth.