"Ethereum, Surging Investor Interest... Importance of Global Adoption"

Son Min

Summary

It was reported that investor interest in Ethereum has surged recently.
The weekly spot trading volume of the ETH/BTC pair and the open interest ratio have reached all-time highs.
The report further noted that global adoption will be important for sustained upward momentum.

Analysis indicates that investor interest in Ethereum (ETH) has significantly surged.

On the 19th (local time), EgyHash, a CryptoQuant contributor, stated in a report, "Investor interest in Ethereum has risen much higher compared to Bitcoin," and added, "The weekly spot trading volume of the ETH/BTC pair hit an all-time high (ATH)." The report continued, "Last week, Ethereum’s spot trading volume also reached three times that of Bitcoin," further noting, "The open interest ratio for ETH/BTC perpetual futures soared to 0.71, marking a 14-month high."

However, the report emphasized that increased adoption remains crucial for long-term upward momentum. It stated, "Currently, the ETH/BTC pair is trading at 0.0368, the highest level since the beginning of the year," but also pointed out, "It is still far below its historical peak." Additionally, "Global adoption will be important in narrowing the gap with Bitcoin over the long term," the report added.

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