Ethereum’s edge over Bitcoin: Can momentum hold or
Ethereum’s edge over Bitcoin: Can momentum hold or will bulls get trapped?As high-cap assets reclaim key levels, investors are once again positioning for the market’s next move.Ethereum is a prime example. After rallying 4.07% on the 15th of June, $ETH reclaimed $1.8k, posting its strongest single-day gain in two weeks.The move came as broader market sentiment flipped back to risk-on, bringing renewed attention to whether the rally is being driven by speculative leverage or Spot demand.
On-chain and derivatives data suggest positioning is picking up. According to data from CryptoQuant, Ethereum open interest jumped 7.7%, marking its largest daily increase in a month.
Rising Open Interest alongside price appreciation typically signals that new positions are entering the market, adding weight to the debate over what is fueling $ETH’s breakout.
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