Data analyst: Ethereum unlikely to rally until the end of the DeFi bull market

The growth incurred by the ETH-based DeFi sector has fueled a myriad of narratives regarding the fundamental strength of the cryptocurrency, but this has yet to translate into any positive price action.

One data analyst is now explaining that he doesn't expect Ethereum to outperform the broader DeFi sector until towards the end of its upwards cycle.

Ethereum faces lackluster price action despite DeFi sector's parabolic growth.

According to data from DeFi Pulse, the total value of crypto assets now locked within DeFi protocols totals at over $2 billion.

A popular data analyst who goes by the pseudonym "Ceteris Paribus" explained that he anticipates Ethereum to outperform these tokens towards the end of their parabolic growth cycle.

"ETH probably doesn't outperform until near the end of this defi cycle. Not b/c defi profits will move to eth, but because new money coming in will have missed the 10-50x returns, see that ETH has still trended relatively flat, and buy eth instead as it's a safer & simpler r/r."

How long can DeFi tokens rally before seeing a pullback?

According to CryptoSlate's data, the aggregated DeFi sector is currently up 13.5 percent over the past several days.

Ethereum alone has a market capitalization that is worth roughly eight times that of all the tokens within the DeFi sector.

"No defi token has a market cap >$1B. Last cycle xrp was worth more than 1/10th of a trillion. There were more than 40 coins that reached >$1B. Don't think we'll get the same exuberance as 2017, but you can't predict where a trend ends."