Altcoin

Cryptocurrency markets are suffering and investors may be switching from Bitcoin to Ethereum

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Ethereum (ETH) is showing significant signs of recovery in the current cryptocurrency market cycle.

Even though he initially lagged behind BTC in terms of earnings and without clear catalysts, recent events indicate a shift in market sentiment in favor of ETH.

Since the partial approval of the long-awaited Ethereum ETF, the altcoin’s price has fallen only 8% to $3,387 on June 25. At the time of writing, however, Bitcoin has lost nearly 10% to $61,950.

According to crypto analyst “Flow” Ethereum (ETH) has seen a strong recovery against Bitcoin (BTC) from multi-year lows after a prolonged downtrend.

To flow statements:

Since the start of this bull market, ETH seems to have been left behind. Slower price action, no clear catalyst, and no strong reaction when the rest of the market was rising.

But lately it seems like we’ve seen a change…

Is it finally time for ETH to shine?

From a 3-month low that occurred almost simultaneously for BTC and ETH… Ethereum has outperformed BTC by about 9 percentage points. While this is largely due to the unexpected change in the SEC’s stance on the ETH ETF spot, the message is clear: ETH is far from dead and could be full of surprises.

If ETH maintains this upward momentum and breaks its historical downtrend against BTC, it could attract even more attention from large investors, potentially pushing Ethereum’s price higher.

Ethereum ETF Impact

Ethereum’s recent bullish momentum has been supported by the potential launch of the ETH ETF, which expects in early July. It is believed that this development could increase Ethereum’s attractiveness among institutional investors, potentially attracting significant capital. Interestingly, German investors show more confidence in Ethereum than Bitcoin.

Despite the positive outlook, analysts remain cautious about the hype surrounding the ETH ETF, citing its weak performance in Hong Kong versus the spot Bitcoin ETF.





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