Why is Ethereum rising while Bitcoin is falling?
Ethereum outperforms Bitcoin
While the price of Bitcoin fell by 2.3%, Ethereum rose by more than 4% to surpass $3,000. This is due to significant institutional inflows into ETH funds, along with ongoing excitement following the 'Pectra' upgrade.
TVL and ZK drive growth
The substantial increase in total value locked (TVL) and the rise in the use of ZK Rollup technologies strengthen Ethereum's position as the preferred smart contract platform.
Market direction?
Amid varying performances, indicators suggest that investors are temporarily turning to Ethereum as an alternative store of value or technical hedge.
#EthereumSurge #ETHvsBTC #CryptoMarket #PectraUpgrade #ZKRollups