There is a growing institutional adoption of ether (ETH) and that will be beneficial for the price of the cryptocurrency.
"Ethereum is simply a train that has been delayed," says an analyst showing optimism. The same narrative that drives bitcoin would also drive ETH.
The cryptocurrency market has always been an unpredictable journey, and ether (ETH), the cryptocurrency of Ethereum, seems to be at a station waiting for a train that has not yet arrived.
While bitcoin (BTC) has already made its stop and reached new highs, ETH remains stagnant below $3,000 for more than four months.
"Ethereum is simply a train that has been delayed," says an analyst showing optimism. The same narrative that drives bitcoin would also drive ETH.
The cryptocurrency market has always been an unpredictable journey, and ether (ETH), the cryptocurrency of Ethereum, seems to be at a station waiting for a train that has not yet arrived.
While bitcoin (BTC) has already made its stop and reached new highs, ETH remains stagnant below $3,000 for more than four months.
This confidence is based on recent data. In the last month, ETH has outperformed BTC, suggesting a shift in market dynamics.
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Scarpellini argues that the narrative that led BTC to new highs in May, driven by institutional adoption and greater regulatory clarity, could also catapult ETH.
Institutional adoption: the fuel of Ethereum
Institutional adoption is no longer exclusive territory for bitcoin. Ether is beginning to attract the attention of companies and investment funds looking to diversify their treasuries, as reported by CriptoNoticias.
As the main network for stablecoins like USDC, USDT, and DAI, Ethereum is positioning itself as a strong alternative to BTC. This institutional interest adds a new chapter to the efforts to revitalize the second largest cryptocurrency in the market, which has struggled to surpass its previous highs.
Furthermore, the regulatory context is evolving. The Guide and Establishment of National Innovation for Stablecoins Act (GENIUS) in the United States, which seeks to integrate stablecoins into the economy, is advancing in the Senate.
Author: Nickolas Plaza
