After an increase of about 22 % in a single day, Ethereum (ETH) has made its best performance since May 24, 2021. Light on this priced outbreak.
Ethereum's ethors signs a 4 -year record
In our latest article, we returned to the rise in Bitcoin (BTC) as well as all cryptos in general. More particularly, it can be interesting to Stop on Ethereum's eth, which has signed its highest day of increase in 4 years.
And for good reason, after an increase of 21.87 % on Thursday, it is necessary to go back to May 24, 2021 to find a better performance of the assets in a single day, where he had then won 26.28 %.
🔎 Where and how to buy ether?
If this beautiful dynamic seems to continue today and almost 66 % have been found since the low point of April 9, let us note all the same that the ETH remains down more than 31 % since the start of the year:
ETH Courses in daily data
Even more, Although the ETH/BTC ratio has increased by 19 % since Thursdaythe dominance of Bitcoin since the start of this cycle is currently undeniable. Indeed, if the BTC evolves today up to 50 % compared to its highest Historical High (ATH) of the Bull Run of 2021, the ETH still displays a price of 53 %.
With regard to specific factors in Ethereum, which can explain a shorter short-term increase than the rest of the market, we can move forward on arbitration, faced with this long-standing sub-performance. Since the FTX crisis in November 2022, this famous ETH/BTC ratio that we have just mentioned actually has an almost continuous drop of 70 %.
👉 On the same subject – the long -awaited Pectra update is deployed on Ethereum
In recent days, The blockchain has also successfully passed its pectra update, and this novelty was also able to play a role in the renewed interest around Ethereum. And waiting to see if we are really at the dawn of a possible Alt Season, the course of the ETH is $ 2,300 when writing these lines, up more than 19 % over 24 hours.
Meria: buy cryptos and make them just grow with sting
Source: tradingView
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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