#ETHCrossed2500

Ethereum rose 30% in 48 hours, surpassing Bitcoin, amidst broader macroeconomic conditions

Summary

Cryptocurrency markets recovered this week, with Bitcoin returning to US$ 100 in the process.

On Friday, ETH was the big winner, gaining over 15% in 24 hours.

Still, the coin failed to come close to breaking a new high this year, unlike Bitcoin and Solana.

Over the past two years, the price of Ethereum has lagged behind Bitcoin. However, in the last two days, ETH outperformed BTC and other major coins, with three analysts contacted by Decrypt attributing its massive gains to a flawlessly executed technical upgrade and some optimistic signs regarding the global economy.