$ETH increased compared to $BTC - Is the altcoin season heating up?
Bitcoin ($BTC) Before the FOMC meeting, the price of ETH hovered around $92,400, but Ethereum has quietly gained momentum. The ETH/BTC pair has risen 7% in three days as ETH surpassed the $3,427 mark, signaling a shift in market sentiment towards major altcoins.
Large investors (whales) are driving this trend: on-chain data shows that large investors have accumulated over 924,000 ETH in three weeks, even as retail investors sold off. $ETH Whale demand (big players) is increasing and supply is tightening, analysts suggest that this situation reflects past periods that created strong price rallies.
BTCUSDT
Perp
89,471.5
-0.90%
ETHUSDT
Perp
3,113.35
-0.16%