Crypto Driver

08/03 06:18

Here Are 4 Bullish Signals: ETH Momentum Is Buildi

Here Are 4 Bullish Signals: ETH Momentum Is BuildingEthereum_Bulls.webp

Ethereum’s price might be dippiing but here are four bullish signs to keep in mind going through summer.Positivity in the crypto markets remains strong despite the most recent turmoil on the charts. This is especially true for ETH’s community, as the altcoin has seen more than 35% added to its price over the past 30 days.

But who are the biggest players making the Ethereum trade and driving ETH prices ever higher?

ETH Gains Lag Behind BTC Since 2022

In chemical science, ether is a humor, and the better part of good humor is excellent timing.

Over most 30-day periods in the past 12 months, crypto investors would have been better off holding Bitcoin if their goal was to achieve a higher 30-day ROI from their investment.

The trailing 12-month return on investment for BTC is +75% compared to ETH’s +19% over the same period. Some Ethereum holders have been wondering what’s up with its market action compared to Bitcoin’s.In large part, the Ethereum base layer, by design, sacrificed capital inflows over the past 12 months to low-fee Layer 2 Ethereum networks and capital inflows to their currencies.

These include, among some of the largest by total market cap, Mantle (MNT), POL (POL), Arbitrum (ARB), Optimism (OP), and Starknet (STRK).

It’s like trying to inflate a balloon, but there’s a vent with extra air going into a bunch of other balloons first before you get enough air pressure to keep inflating the main balloon.

To top that off, Ethereum is a very big balloon, clocking August 2nd at $468 billion in market capitalization on a fascinating multi-year trend line since 2015 for long-term saver investors.

That said, here are four bullish portents that the sign of ETH is rising in the air:

#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #HTX Crypto Gifts Carnival Is Live!#Justin Sun's 35th Birthday Bash#Whose “child” is ES — Solana or Ethereum?#BTC price hits a new high of $120,000!

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