Ether price takes on Bitcoin — What’s behind the sharp rise in demand? By Cointelegraph

Ether price takes on Bitcoin — What’s behind the sharp rise in demand?

CryptocurrencyApr 08, 2021 03:00PM ET

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Ether price takes on Bitcoin — What’s behind the sharp rise in demand?

Breaking new all-time highs, the recent price action of Ether (ETH) took the crypto market by storm and signaled an official start to alt season. Several analysts are predicting that Ether will surpass its previous all-time high of $2,130 and continue to outperform Bitcoin in the foreseeable future.

Price predictions aside, Ethereum is undeniably leading the charge in crypto, being home to flagship decentralized finance and nonfungible token projects. However, this move comes at a time when the network is at a major crossroads.

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US 500 Futures	4,172.62	+10.12	+0.24%
Dow Jones	34,200.67	+164.68	+0.48%
S&P 500	4,185.47	+15.05	+0.36%
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S&P 500 VIX	16.25	-0.32	-1.93%
Dollar Index	91.530	-0.088	-0.10%

Crude Oil WTI	63.19	0.00	0.00%
Brent Oil	66.71	-0.23	-0.34%
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iShares Russell 2000	224.65	+0.36	+0.16%
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Direxion Daily Junior Gold Miners Bull 2X Shares	97.15	+2.12	+2.23%
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Ether price takes on Bitcoin — What’s behind the sharp rise in demand?

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