Ethereum vs Cardano Controversy: Ethereum Price Projection Reaching $2,875
At the beginning of this week, the price of Ethereum seems unable to follow the broader crypto market momentum. Currently, the price of Ethereum (ETH) is only up 0.06%, trading at $1,810.95. Meanwhile, Bitcoin managed to rise 1% reaching $95,100, widening the performance gap between Bitcoin (BTC) and Ethereum (ETH).
Ethereum Market Performance
In the last 24 hours, Ethereum (ETH) has moved within a price range of $1,782.07 to $1,848.73, with a price tendency at the lower bound. This continues the correction phase that began over the weekend.
Despite experiencing short-term weakness, Ethereum's (ETH) seven-day performance remains positive with a gain of 12.4%, outperforming Bitcoin's (BTC) gain of 10.6%. However, when viewed over a 30-day period, Ethereum's (ETH) increase of 6.0% still lags behind Bitcoin's (BTC) double-digit gain, indicating a trend of capital rotation against a backdrop of volatile macro conditions.
