Ethereum Surges Within Rising Price Channel, ERC-20 Tokens Popular Among Traders

Ethereum Outperforms Bitcoin as Top-10 Tokens Struggle

Bitcoin may be experiencing a 9% drop this week, but Ethereum continues to defy the odds as it remains very bullish, trading within a rising price channel. As the second-ranked cryptocurrency, Ethereum has surged by a strong 10% this week, outperforming most other top-10 tokens which have taken a nosedive. The primary driver behind Ethereum’s momentum is the anticipation of an incoming Ethereum ETF. This positive sentiment has investors turning their attention to ERC-20 tokens in the hopes of capitalizing on the bullish market sentiment within the Ethereum ecosystem.