Ethereum Closing the Gap on Bitcoin? Here’s the Data
Ethereum ($ETH ) has been quietly gaining strength against Bitcoin ($BTC ). The ETH/BTC pair recently bounced from a multi-month low, signaling that altcoin season might be brewing. Historically, $ETH tends to outperform BTC when DeFi activity spikes, and we’re currently seeing TVL (total value locked) numbers tick upward across major protocols.
Ethereum’s recent upgrades have also improved network efficiency and lowered gas fees. This could attract more on-chain activity, boosting demand for ETH. The $3,300 resistance is the immediate hurdle; breaking this with strong volume could open the door to $3,500 and beyond.
However, if ETH fails to hold above $3,150, short-term momentum could shift back in favor of BTC dominance.
For long-term investors, ETH’s growing role in staking, DeFi, and layer-2 solutions makes it a compelling hold. For short-term traders, pairing ETH trades with BTC analysis is key to finding the best entry/exit points.