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International Business Times
International Business Times
Business
Marvie Basilan

FOUND: Ethereum outpaces bitcoin in 7 day rally why is eth surging - You Need To See This

Ethereum is the world's second-largest cryptocurrency by market capitalization. (Credit: Kanchanara/Unsplash)

KEY POINTS

  • $ETH is up by 44% in the past week, while $BTC posted a 7% increase in the last 7 days
  • The Ethereum blockchain completed its Pectra upgrade early last week, powering Layer 2 scalability
  • Some Ethereum holders believe the token is ready for a potential price 'breakout'

Ethereum, the world's second-largest cryptocurrency by market cap, has outpaced Bitcoin and most of its altcoin peers in the last 30 days, sustaining momentum most especially in the past week amid positive developments around the Ethereum blockchain and developments in the Trump trade war.

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