ETH could outperform Bitcoin as the top crypto faces diminishing returns
Ethereum price today: $2,670
- Ethereum could be the primary beneficiary of institutional rotation, considering its staking yields may appeal to large investors.
- Bitcoin’s dominance over Ethereum faces a ceiling due to potential diminishing returns as its market cap crosses the $2 trillion mark.
- Ethereum bulls have to hold a rising trendline and 50-period EMA support to maintain dominance.
Ethereum (ETH) trades above $2,600 on Wednesday, following predictions that it would eventually outperform Bitcoin (BTC), considering the top crypto potentially faces slower gains due to the impact of diminishing returns on its rising market cap.
