Bittime - During this period, the performance of BTC and ETH has grown significantly. For the previous cycle and the breakout of all-time highs, it could be attributed to a general trend of weaker capital turnover, according to Glassnode data.
Low Ethereum capital flow
Glassnode saw increased speculative activity before bitcoin's peak on March 14. Short-term BTC holders are accumulating capital, according to the latest on-chain weekly report. About $240 billion in wealth held in coins has been moved in the last six months.
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This also applies to Ethereum, which has not followed the trend so far. As a result, Bitcoin's Realized Short-Term Holder Limit (STH) is almost the same as its highest peak. While Ethereum's STH Realization Threshold has only just risen from its lowest point, indicating the inflow of new capital is very slow.
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Awaiting SEC Decision Regarding Ethereum
Currently, there is no influx of new capital. The increased accessibility of spot Bitcoin ETFs may be to blame. The market is still waiting for the SEC's decision at the end of May on approval of a series of Ethereum ETFs.
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Ethereum Price Performance So Far
While the lack of a catalyst may have seen ETH fall short when compared to BTC, Glassnode analysis shows that the overall uptrend appears to be one of the strongest in history, with little correction so far.
How To Buy Ethereum (ETH) With Bittime
You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH) is available on Bittime with ETH IDR pairing.
To be able to buy ETH tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Ethereum (ETH) on Bittime.
Monitor price chart movements of Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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Why is The Price of Ethereum (ETH) Down Today?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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