$BTC 📈 Market: ETH Outpaces BTC

In the first half of May, ETH rose by 45%, surpassing the growth of Bitcoin (10.7%) and Solana (20.6%). The price of Ether reached $2,659, which is 40% higher than the seven-day ago level.  

This growth is accompanied by an increase in interest in derivative instruments on ETH and the rise of ETH/BTC, indicating a possible shift of capital into altcoins. The total value locked (TVL) in the Ethereum ecosystem reached $63 billion, confirming its dominant role in the DeFi space. 

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🔮 Forecasts and Next Steps

Experts note that the current growth may be due to improved macroeconomic conditions, including reduced tensions in trade relations between the US and China. However, some analysts warn that the growth may be short-lived and not based on fundamental grounds. 

In the near future, an update to Fusaka is expected, which should reduce costs for Layer-2 solutions and validators, potentially further increasing the network's efficiency. 

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📊 Current Indicators

• ETH Price: $2,659

• Weekly Growth: +40%

• ETH/BTC: up 40% from the 2019 lows

• Fear and Greed Index: 70 (Greed), indicating optimism among investors.