Ethereum posts robust growth, surges by 20% in 24 hours backed by an increase in trading activity in the derivatives market. A notable rise in open interest in Ethereum futures indicates fresh capital inflow. Despite a 26% fall this year, the potential for recovery exists. The rally also aligns with Ethereum being undervalued relative to Bitcoin since 2019. However, challenges such as supply pressure, weak demand, and flat activity could impact the rebound. Ethereum’s ongoing underperformance, stagnant network activity, and rising token supply are factors that demand caution.
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