Ethereum has surged nearly 30% recently, while Bitcoin has seen a 10% increase. The ETH/BTC trading pair also rose by 20% after Bit Digital exchanged 280 BTC for ETH, reflecting growing investor confidence.
Ethereum’s market dominance is close to 10%, with a valuation around 347 billion USD, but it lags behind Bitcoin, which holds over 60% market share. Recent institutional investments reflect increased confidence in ETH.
Despite Ethereum’s strong run, it remains 43% below its all-time high of 4,891 USD. Questions linger about whether this momentum can sustain itself or if Ethereum will remain tethered to Bitcoin’s fluctuations.
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