Comparison between ETH and BTC: Why may Ethereum prices face short-term pain?

In the past 24 hours, the price of Etalum, the second largest secretive company, has skyrocketed by 7% as its network has successfully completed the highly anticipated Shanghai hard fork. However, upgrades enable network participants to recover their bet funds

In the past 24 hours, the price of Etalum, the second largest secretive company, has skyrocketed by 7% as its network has successfully completed the highly anticipated Shanghai hard fork. However, upgrades enable network participants to recover their bet funds.

Will Ethem's performance surpass Bitcoin?

After nine long months, the largest AltBitcoin price has broken the widely anticipated $2100 mark. Bitcoin seems to be the largest cryptocurrency asset, and it seems to be in a dominant position in the medium term, with Bitcoin prices soaring accordingly. With market sentiment favorable to ETH, the second largest password has outperformed BTC in the past seven days. ETH prices have increased by 13%, while BTC prices have increased by 10%.

Crypto analyst, a trusted Crypto, suggested that the price of Altum might be impacted in the short term, and it is safe to use Bitcoin at this stage. It is worth noting that when Bitcoin takes the lead, Altcoin also follows. Due to the ETH price breaking through the key $2000 level shortly after it broke through the $2.1K level, this indicates the strength of ETH.

However, this may also mean that current attention may shift to some Altcoin, provided that Bitcoin can continue to exist and sustain for a period of time. The prices of password products such as Cardano (ADA) and Solana (Solana) have increased by 14% and 21% respectively.

It is worth noting that compared to the surge in Bitcoin, the price increase of ETH is quite weak, as market participants did not purchase Etalum and are expected to decline after the update. At the same time, the number of bets not placed was much lower than expected, and the price of ETH also surged. In the past 24 hours, the price of ETH has increased by over 5%. At the time of the news release, its average price was $2115.



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