Ethereum outpaces crypto market with 41% monthly surge; Bitcoin at $119K. Should you buy?
Ethereum has surged nearly 41% in the past month, outpacing the 9% rise in the total crypto market cap. Over the past three months, it has gained 59.30% and is up 14% in the last week.
“Ether has surged 41% in the past month, far outpacing the 9% rise in the total crypto market cap. This strong outperformance has driven higher hedging demand as traders secure profits and diversify into other assets,” said Harish Vatnani, Head of Trade, ZebPay.
“Caution above $4,000 is evident, with limited appetite for leveraged bullish bets despite $683 million in net inflows into spot ETH ETFs over just two days. Still, neutral derivatives readings suggest resilience, especially after the rapid rally from $3,400 to $4,300 in only eight days,”…
