The crypto market witnesses Ethereum's rise against Bitcoin, presenting new opportunities for investors.
ETH/BTC Breakout
According to CryptoRank, the ETH/BTC pair recently broke above its annual moving average, indicating a revival of upward momentum. This breakout followed a strong rebound from the 0.02 support level.
Ethereum Dynamics and Institutional Investments
Institutional investments in Ether-based ETFs attracted over $3 billion in inflows in the first two weeks of August, marking their second best monthly performance on record. Data revealed that the ETFs are also on track for their strongest week since launch, with daily inflows averaging more than $700 million.
Future Prospects for Ethereum
Despite the current correction, experts believe Ethereum's record highs may be imminent as market rotates into ETH gains momentum. The Altseason indicator stands strong at 67, reflecting structural strength in the altcoin market.
The rise of Ethereum against Bitcoin and the marketing activities of institutional investors create conditions for further development and the potential for reaching new historical highs.
