The relative spot demand for ETH has increased recently due to a decrease in BTC spot trading volume. But will that be enough for ETH to outperform the king of all cryptos?
. Its price was down by over 2% in the last 24 hours. However, the scenario might soon change, as hinted by a recent CryptoQuant analysis.on 11 April highlighting quite a few factors that suggested the possibility of ETH outperforming BTC in the coming days.
For instance, the analysis mentioned that the relative spot demand for ETH increased recently due to a decrease inFurthermore, the futures markets pointed towards a possible turn toward ETH, with open interest and trading volume possibly bottoming out.could be driven by the upcoming Shanghai update, which will happen on 12 April, allowing stakers to collect their locked rewards.
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