$ETH $Ethereum consolidates bullish trend against bitcoin
This behavior of the second most valuable digital asset is a sign that capital is rotating from bitcoin to cryptocurrencies.
"The rally indicates a change in market sentiment," says Mandela Amoussou.
There are several catalysts for the momentum that ETH is experiencing.
Ether (ETH), the cryptocurrency of Ethereum, is gaining ground against bitcoin (BTC), reflecting a shift in investment dynamics.
There is a growing flow of capital towards ETH, driven by institutional and technical factors.
Another key catalyst is the adoption of Ethereum as a corporate treasury asset. Publicly traded companies are currently accumulating 2.57 million ETH valued at 9.7 billion dollars, with recent funding rounds aimed at increasing these reserves.