The price of Bitcoin has increased its weakness over the last few days, but Ethereum’s price has experienced significant rise. New history best During the weekend. In addition to surpassing Bitcoin in terms of price behavior, ETH proves notable hot chains compared to BTC.
Bitcoin is behind Ether Leeum
Ether Leeum’s power It is becoming more and more clear in the bull market cycle, and new on -chain data emphasizes the superiority over Bitcoin. Cryptome, a market expert, has I explained The main metrics that emphasize the inconsistency of the driving force between the two encryption giants in the quick take post of the encryption platform.
According to market experts, Ether Lee is a stronger signal than Bitcoin because Wall Street has begun to adopt Altcoin. Considering the trend ETH default It seems to draw a clear picture of elasticity and market domination.
In the last three months, ETH has excellent performance and this imbalance can continue for some time. Cryptome’s analysis is based on comparison Disclosure interest in Bitcoin (OI) data Ether Leeum Gift Agreement traded on the Chicago Merchants Exchange (CME).
Exploring the results of the BTC, experts stressed that Bitcoin rose to $ 124,000 at a new all -time high before it fell to $ 74,000 in March and April. but, Open interest During this period, the previous level did not resume.
Therefore, even if the price of Bitcoin is raised, the same amount of institutional benefit as the CME option cannot be obtained. Meanwhile, the situation is different from ETH. In 2024, ETH attempted to exceed $ 4,000, but failed every time due to weak interest.
But Cryptome pointed out that open interest in CME has begun to increase in this current trend. Development shows that the ongoing rise is strengthened by fresh liquidity inflow and Altcoin is diverging. Bitcoin.
ETH RALLIES for New Highs: The top is
ETH may have risen rapidly with a new high, but Cryptome is expected to continue to rise because there is no sleeve. Centralized exchange investor. In general, retail investors get closer to normal and the main players are fluid. Nevertheless, since there is still no sleeve in the current movement, ETH’s price behavior shows that there is room for healthy and growing.
In the overall picture, ETH has been stronger than BTC recently. According to market experts, the increase in CME public interests and the lack of retail participation indicate that this imbalance can continue in the future near the future.
At the time of writing, ETH was traded at $ 4,414, showing almost 5%in the last 24 hours. Despite the weak price measures, coinmarketcap data shows this. Investor’s feelings The trading volume last day is more than 10%, and as proven, it is slowly optimistic.
Istock’s main image, TradingView.com chart
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