Ethereum price surged above the $4,000 mark again on Feb. 22, while Bitcoin’s rally faced resistance. Here are 3 key market metrics indicating that ETH could maintain its lead over BTC in the coming weeks.

Ethereum vs Bitcoin Performance in 2024

In 2024, Ethereum has outperformed Bitcoin, with ETH gaining 79% in price compared to Bitcoin’s 72% increase between Jan 1 and March 11. This trend suggests that Ethereum might be a better value for money investment this year.

Market Catalysts Driving Ethereum and Bitcoin

In 2024, Ethereum is driven by themes like ETH ETF filings, liquidity staking derivatives, and upgrades, while Bitcoin is influenced by growing demand from newly-approved BTC ETFs and an upcoming halving event. These catalysts have led to Ethereum’s price outpacing Bitcoin.

Reasons Ethereum Could Outperform Bitcoin in 2024

  • Retail investors are favoring ETH over BTC due to institutional dominance in the Bitcoin market
  • Ethereum node validators are accumulating more coins, while Bitcoin miners are selling off ahead of the halving event
  • Technical indicators suggest Ethereum could reach new all-time highs above $5,000

If current trends continue, Ethereum could extend its lead over Bitcoin in the coming weeks. Explore more cryptocurrency news on Global Crypto News for the latest updates.

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