The post Has Ethereum’s (ETH) time come? appeared on BitcoinEthereumNews.com.

In comparison to bitcoin, and also to many of the altcoins, ethereum has been relatively subdued so far this bull market. However, with a possible Spot Ethereum ETF on the horizon, and signs that $ETH is about to take the spotlight from $BTC, it could be that ethereum’s time has come. $ETH performance less than spectacular With bitcoin doing its thing for most of 2023 and now into Q1 of 2024, $ETH has not had much of a look-in. While $BTC recorded gains of 240% since the beginning of 2023, $ETH has done a far less spectacular 144%. This is also to say nothing of the many altcoins that have far exceeded the gains of either $BTC or $ETH. Those sitting on their $ETH bags with expectations of a similar performance to that of the last crypto bull market may have been left somewhat deflated. Still the foremost layer 1 The fundamentals for $ETH haven’t changed that much. Yes, some huge improvements have been made, and others are on the way. That said, competitors are leaving $ETH miles behind when it comes to speed, and their transaction fees are ridiculously cheaper. However, ethereum is still the biggest and most secure layer one for smart contracts, and it will need a simply massive move from the likes of Solana et al to come anywhere close to supplanting it. $ETH at crucial level against USD Source: Coingecko/Trading View Looking at $ETH on the weekly against its USD pairing it can be seen that price has reached the top of an upward leaning channel. Also, resistance is waiting above. It would likely take a very strong amount of buying here to pierce through these obstacles. Will $ETH succeed in reversing the trend against $BTC Source: Coingecko/Trading View That said, if $ETH really wants…

---

Filed under: News - @ February 21, 2024 8:30 pm