Ethereum Surges, Outperforming Bitcoin... Is the Cryptocurrency Leader Changing?

▲ Ethereum(ETH), Bitcoin(BTC)

Ethereum (ETH) is overwhelmingly surpassing Bitcoin, rapidly absorbing market dominance.

According to the cryptocurrency media outlet Coingape on April 14 (local time), Ethereum approached $2,400, and its price ratio against Bitcoin (BTC) reached its highest level this year. Santiment data also showed Ethereum's market dominance rising to a 10-week high. The capital flow, which was centered on Bitcoin, is now shifting towards Ethereum.

The recent ascent has also been steep. Ethereum surged by approximately 9% within 24 hours, climbing from the $2,178 to $2,393 range. Its weekly return also reached 13%, widening the performance gap against Bitcoin.

The accumulation by whale investors is also evident. The number of wallets holding over 100,000 ETH increased from 54 to 57. A significant inflow of large funds is an indicator closely correlated with price increases.

Institutional funds are also moving towards Ethereum. The Ethereum spot ETF recorded net inflows for three consecutive trading days recently, with $9.44 million flowing in within a single day. Trading volume also increased by over 120% compared to the previous day, drawing significant market attention.

Ethereum maintains its upward trend near major resistance levels, with both capital inflow and supply-demand changes occurring simultaneously.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*