879,000 ETH addresses might become profitable if Ethereum returns to $3,000
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However, the aggregate altcoin market cap has not performed as well, with YTD growth less than half that of the two major cryptocurrencies. is outperforming Bitcoin due to expectations that the next wave of new U.S. crypto exchange-traded funds may target the second-largest digital asset, heralding a surge in investor demand.
Per historical data, Ethereum inflows tend to lag behind Bitcoin, suggesting investors look for confidence and confirmation that digital asset markets are expanding. In the 2021 cycle, the peak influx of new capital into BTC came 20 days before the peak influx into ETH.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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