Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Here’s whether this run is sustainable based on futures market data.
Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week
While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its own, as the asset has jumped more than 7% in the past week.
The chart below shows how ETH has performed during the last month.
In the last 24 hours, Ethereum reached a peak of $3,130 level, a mark it only reached for the first time since the first half of April 2022. Since then, the coin has come down a bit, as it now floats around $3,100.
Nonetheless, despite this small retrace, ETH has still performed notably better than the original cryptocurrency. Now, the asset’s investors might be wondering if the coin could continue this run. Perhaps data related to the futures market might shed some light.
ETH Funding Rates Have Been At Positi
We współpracy z: https://www.newsbtc.com/news/ethereum/ethereum-leaves-bitcoin-behind-rally-sustainable/
