Ethereum's (ETH) futures trading volume is nearing Bitcoin's (BTC), signaling a potential recovery in investment sentiment. An analysis highlights the Ethereum to Bitcoin futures volume ratio (ETH/BTC futures volume ratio) reaching 98%. This ratio, which reflects the relative trading interest in Ethereum versus Bitcoin derivatives, had plummeted to 42% in October 2024, raising concerns about Ethereum's position as a leading smart contract platform. The resurgence is attributed to several factors: the Ethereum Foundation's ongoing efforts, increased adoption of Layer 2 scaling solutions enhancing transaction speed and reducing costs, and a resurgence in on-chain DeFi (Decentralized Finance) activity. These developments seem to be restoring confidence in Ethereum's long-term potential, attracting renewed interest from investors in the futures market. The recovery suggests a bullish outlook for Ethereum. ```

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