Why Is Ethereum Beating Bitcoin With Explosive Gains?
Ethereum's price has recently surged, outpacing Bitcoin and other major cryptocurrencies, attributed to a successful technical upgrade and positive global economic signals. Analysts note that Ethereum's potential for growth has increased after overcoming internal challenges and competition from other networks like Solana. The Pectra upgrade, aimed at enhancing scalability and user experience, was launched without issues, boosting market enthusiasm. Ethereum's price crossed $2,000 and reached over $2,400, marking a 30% gain in 48 hours, while Bitcoin rose 8%. This rally follows a broader upswing in markets since early April, influenced by favorable macroeconomic developments, including U.S. trade negotiations. Despite the recent gains, Ethereum remains significantly below its 2021 peak of $4,878.
