Ethereum Gains Momentum: Catching Up But Cautions Remain

Despite recent price surges for Ethereum, analysts caution that large-scale investment remains limited. According to Duong, head of research at the firm, last week’s price gains were primarily driven by market mechanics like position unwinding and rebalancing, rather than fresh capital influx. This suggests Ethereum is essentially catching up with the performance of other leading cryptocurrencies like Bitcoin and Solana.