Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF



© Reuters.

The price of Ether (ETH) is lagging ‘s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue.

Bitcoin and Ether prices at Bitstamp. Source: TradingView

Moreover, the increasing competition from smart contract networks like (SOL) and (AVAX) have been worrying investors:

Ether three-month futures basis rate. Source: Laevitas.ch
Ether perpetual futures 8-hour funding rate. Source: Bybt

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Read More: Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF

ATHBitcoinETFEthereumseventualpinrouteTraders
Comments (0)
Add Comment