In brief
- Crypto markets rallied this week, with Bitcoin reclaiming $100K in the process.
- On Friday, ETH was the big winner, gaining at one point more than 15% in 24 hours.
- Still, the coin has failed to get near to breaking a new high this year—unlike Bitcoin and Solana.
For the past two years, Ethereum‘s price has lagged behind Bitcoin. But over the past two days, ETH has been outpacing BTC and other major coins, with three analysts whom Decrypt contacted attributing its huge gains to a flawlessly executed technical upgrade and a few hopeful signs about the global economy.
The analysts believe that Ethereum may have significant upside after languishing in the doldrums amid concerns about its underlying network’s speed and efficiency.
May 10 2025
