Ethereum (ETH) Continues to Surge While Bitcoin (BTC) Lags Behind
Another day, another surge for Ethereum (ETH) as Bitcoin (BTC) falls behind in gains. ETH has increased by 0.94% today, while BTC is down by 0.27% at $52,221. While Bitcoin has remained relatively stagnant in the past week, many other cryptocurrencies are riding the bullish wave. Notably, Bitcoin’s trade volume has seen a significant spike of 24% in the last 24 hours. On the other hand, Ethereum’s trade volume has also experienced a notable surge of 23% in the past day, and ETH has steadily gained momentum over the course of seven days, rising by 10%. At present, Ethereum is priced at $2,935.
Ethereum Outperforming Bitcoin in 2024
The past few months have witnessed tremendous growth for Ethereum, and this trend has continued into 2024. In our recent analysis, Ethereum consistently outpaced Bitcoin in terms of daily gains. The bulls are currently favoring ETH, and although its upward trajectory may be slowing down, there is a high possibility of a resurgence later today.
Analyst comment
Positive news: Ethereum (ETH) continues to surge while Bitcoin (BTC) lags behind.
As an analyst, it is likely that the market will continue to favor Ethereum in the short term, as it has been consistently outperforming Bitcoin. There is a possibility of a resurgence later today for Ethereum.
