Ethereum Gains Momentum as Capital Shifts from Bitcoin
- In March, Ethereum rose by 7.12% while Bitcoin increased by only 1.83%.
- Ethereum’s market cap grew by 2.97%, whereas Bitcoin’s declined by 0.43%.
- Ethereum’s realized volatility was higher at 62.8% compared to Bitcoin’s at 49.8%, indicating Ethereum’s role as a higher-beta asset.
- Exchange outflows for Ethereum are increasing, suggesting a preference for long-term holding over active trading.
- Active addresses on the Ethereum network continue to rise, showing increased usage regardless of price direction.
The data highlights a significant capital rotation from Bitcoin to Ethereum, driven not just by momentum but structural changes in market dynamics and investor behavior.
With Ethereum receiving capital inflows and its network usage expanding, it is positioned for potential growth despite remaining below key moving averages.Source
