Ethereum Surges Past $2,600: Popular Trader Says ETH Is Leaping Ahead Of Bitcoin

Quick Summary:

According to the crypto pundit, ETH seems set to overtake Bitcoin, the world’s largest cryptocurrency by market capitalization, over the coming months.‘ETH Starting To Feel Like ETH Again’ – Trader In a recent post on X, pseudonymous crypto trader Axel Bitblaze took a deep dive into why they think the Ethereum price is currently in a strong position and could take the lead ahead of Bitcoin.

Bitblaze noted that more liquidity seems to be flowing into the Ethereum token than Bitcoin, even though it might be exchange-specific, as ETH’s trading volume surpassed BTC’s volume for the first time in years.  Furthermore, Bitblaze credited the Ethereum Pectra upgrade, which went live on May 7, as one of the deflationary factors behind ETH’s future potential.

Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 Firstly, Bitblaze mentioned BlackRock’s reported purchase of 7,976 ETH (worth about $18.9 million) and push for staking exchange-traded funds.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Ethereum Bitcoin Ethereum ETHUSDT ETF Staking Etf ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 16:30:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28573746

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