Ethereum$ETH on the path to growth
The price of Ethereum has risen by 55% since the beginning of the month, approaching $4,000. This increase is linked to the shift of capital from Bitcoin to Ethereum, attracting investors seeking higher returns.
Ethereum has outperformed Bitcoin by more than 70%, indicating that we are currently in the Ethereum market. The reason for this sharp change is regulatory shifts in the USA. The approval of the GENIUS Act and the adoption of the CLARITY Act have opened doors for institutional liquidity towards Ethereum, as in recent weeks spot Ethereum ETFs have attracted more funds than Bitcoin ETFs.
The recent rise in Ethereum is likely to benefit altcoins built on its second-generation blockchain. These coins may become leaders in the altcoin season, which investors should watch closely.
Coins that serve utility functions in the Ethereum ecosystem, such as Aave, Optimism, Celestia, and Arbitrum, are likely to thrive as Ethereum performs well. Additionally, tokens related to the USA may outperform others due to increased interest in them
