After a tough past few weeks in which Ethereum (ETH) fell by around 30%, there seems to be life in the brewery again. The rate has risen by almost 5% today. And that while Bitcoin (BTC) gets stuck below $ 97,000.
ETH course shoots in the air
The Ethereum course is 4.81% higher than 24 hours ago at the time of writing. At the same time, Bitcoin (BTC) is slightly lower than yesterday. That is an image that we have barely seen in recent times.
After the big blow earlier this month due to the rates war of Donald Trump, ETH slowly scrambles up again. After a low point where it was below $ 2,500, the digital currency is now at a value of more than $ 2,800.
What stood out enormously recently was the crooked relationship between Bitcoin (BTC) and ETH. The BTC/ETH Ratio fell to a low point. And not only that, with a value of 0.00264 BTC per Ethereum, it was even the lowest rating in no less than four years. In the meantime Ethereum seems to be preparing for a comeback.
This is how we see the catching up at the American Spot Exchange Traded Funds (ETFS). Where the BTC funds have been writing an outflow days in a row for days in a row, Ethereum gets more love. On February 13, $ 12.8 million flowed to the ETH funds. For comparison: on the same day the Bitcoin ETFs saw an outflow of $ 156 million. It is clearly a sign that institutional investors get more confidence in the smart contract platform
Pectra upgrade
The recent increase is possible with the long -awaited Pectra upgrade. It is an important planned improvement of the Ethereum network, which is expected to be implemented in April 2025.
The upgrade combines two separate updates: Prague (aimed at the version layer) and Electra (focused on the consensus layer). The aim of Pectra is to improve the scalability, efficiency and user -friendliness of the platform, so that it must catch up on competitors such as Solana (SOL) and Cardano (ADA).
Cardano is rising
Speaking of competitors, Cardano (ADA) investors are also not allowed to complain. The token is in the Plus over the past day, and can therefore call itself one of the biggest risers of today. The race is currently just above $ 0.82, but analysts speculate that the $ 1 limit will be broken again soon.
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Source: https://newsbit.nl/ethereum-koers-stijgt-5-en-wint-terrein-tegenover-bitcoin/
