CryptoMaven

Ethereum has been stealing the spotlight from Bitcoin.

$ETH recently broke above its 365-day moving average against $BTC; a level that’s often signaled the start of bullish ETH cycles. It even came within a few dollars of its all-time high at $4,743, with spot volumes outpacing Bitcoin’s for four straight weeks, topping it by $10B last week alone.

Investor interest had been tilting toward ETH, with ETFs and futures traders increasing exposure faster than to BTC. But after the breakout, the market is already cooling off with rising exchange inflows and ETH/BTC sitting near historically “overvalued” territory, signaling that this rally is taking a breather.

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