#BTCvsETH
Let's compare Bitcoin (BTC) and Ethereum (ETH) based on recent market trends.
*Current Prices:*
- Bitcoin (BTC): around $118,718
- Ethereum (ETH): around $3,774.12
*Recent Performance:*
- Bitcoin has shown stability near $118k, while Ethereum continues its bull run, breaching $3,800
- Ethereum has surged nearly 6% in the past 24 hours and 21% in the past week, outperforming Bitcoin's 0.6% weekly gain
- ETH's price increase is driven by strong ETF inflows, whale activity, and DeFi growth
*Market Trends:*
- Ethereum's total value locked (TVL) in DeFi reached $77.363 billion, contributing to its bullish trend
- Institutional demand for Ethereum is growing, with $3.28 billion in net inflows into spot ETH funds in July
- Bitcoin dominance has declined from 66% to 61% since June, indicating a shift in investor preference towards alternative cryptocurrencies like Ethereum
*Price Projections:*
- Analysts predict Ethereum could reach $4,000, with some forecasts suggesting potential for $5,000 or higher if current trends continue
- Key resistance levels for Ethereum are at $3,877-$3,987 and $4,000, while support levels are at $3,434 and $3,530
Overall, Ethereum is currently outperforming Bitcoin in terms of price growth, driven by strong institutional demand, whale activity, and growth in its DeFi sector ¹ ² ³.
