Why is Ethereum rising while Bitcoin is falling?
Ethereum outperforms Bitcoin
While the price of Bitcoin has dropped by 2.3%, Ethereum has risen by over 4% to exceed $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 significant increase in total value locked (TVL) and the rise in the use of ZK Rollup technologies bolster Ethereum's position as a preferred smart contract platform.
Market direction?
Amidst performance divergence, indicators suggest that investors are temporarily moving towards Ethereum as an alternative store of value or technical hedge.
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