Ethereum Is Outperforming Bitcoin Today

While many industry insiders are raving about Bitcoin’s (BTC) comeback right now, they are missing out on the incredible performance from Ethereum (ETH) that investors should be paying attention to.

Bitcoin might be headed back toward a new record as it surpasses $72,000 again, but Ethereum has gained more than its rival over the last 24 hours. Ethereum has managed to move 9.22% higher than it was before, and that is just in the last day.

While many cryptocurrencies went flat over the last week, Ethereum has been gaining. Over the last seven days, Ethereum gained 6.86%. That is primarily due to its great performance today, though.

Will Ethereum Continue Its Streak?

Ethereum’s trade volume is very high, up by 92% over the previous day. That will make it easy for ETH to keep up its momentum, at least for a little while. We anticipate Bitcoin staying high for the next day or so as investors push it to set a new record. The increased interest in Bitcoin should carryover to Ethereum and help it along.

As investors watch Bitcoin’s numbers closely, they will want to take a look at how ETH is doing, and if the coin can continue to outperform its counterpart, then it may just grow exponentially before the bearish trend is over.

We are just starting an upward trend with these coins, so we expect that to continue for the next couple of days. Ethereum is on dangerous ground, though. It has lost ground overall for the last 30 days, and it needs this bearish trend to be lengthy if it is to take back lost ground.

ETH could pass $4,000 in the next few months, and it may be spurred on by the Bitcoin halving in less than two weeks. That may give Ethereum the boost to set a new resistance level and hit some of those sky-high price predictions we see listed for the coin each year.