Ethereum has been moving in the right direction over recent weeks. However, when will the number 2 cryptocurrency start gaining some ground on bitcoin?
Ethereum is still the big number two
Ethereum is still the network of the future where the majority of dApps will be built upon. Or at least it is the major incumbent right now, and other layer 1 blockchains would have to do much in order to gain ground on the network with the largest number of active developers.
That being said, $ETH’s rise over the beginning of this crypto bull market hasn’t been exactly meteoric. In fact, $ETH’s 88% price gain since the beginning of 2023 does not compare at all well to $BTC’s 162% over the same period.
Source: Trading View
An $ETH uptrend
As things stand, $ETH is actually in a decent uptrend, the start of which can be followed back to 12 October. Price surges that resulted in bull flags have been the norm since that time.
Right now, $ETH is at the top of the latest bull flag, looking to break
We współpracy z: https://cryptodaily.co.uk/2023/12/ethereum-readying-to-move-higher
