Ethereum (ETH) 14% Price Drop Overshadows Improving Investor Interest: Report

ETH price East revisit ride a bike the socks, but data Since Glass knot strong points A notable improvement In investor feelings.

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THE price of Ether (ETH) Rallied 77% In THE advance has THE approval of place Bitcoin exchange traded funds (AND F) In THE United States, setting A year to date high has $2,715. But In THE weeks Since, ETH price has turned soft next to THE rest of THE walk.

THE last data Since in chain analytic farm Glass knot watch that despite THE current slow-down, Ether has outperformed Bitcoin (BTC) in several areas.

ETH eclipses BTC

Glassnode last "THE Week In chain" report strong points ETH outperformance of Bitcoin "on A quarterly, monthly, And weekly base. »

Analyst Alice Kohn points has A significant overvoltage of on 20% In Ether value against Bitcoin, A orient yourself that align with similar activity In THE ETH derivatives market.

ETH/BTC report price performance. Source: Glass Node

Glass knot Remarks that This performance coincides with A bounce In ETH walk dominance. According to has THE chart below, ETH has won 2.9% In walk cap dominance compared with with Bitcoin Since THE place BTC ETFs approval.