Ethereum gains momentum with strong fundamentals and growing institutional interest, outperforming Bitcoin

From Investing.com

December 2, 2024 11:46 AM:

Bernstein notes a resurgence of interest in Ethereum due to its strong fundamentals, despite underperformance compared to Bitcoin. Ethereum gained 59% year to date, outperforming Bitcoin in the last 30 days with a 46% rise. Factors include robust staking dynamics, growing institutional interest, and steady transaction fees. Institutional interest has surged, with $11 billion in assets under management for Ethereum ETFs. Ethereum’s scalability model shows promise, with daily transactions on Layer 2 solutions surpassing Ethereum’s base layer.

Read more at Investing.com: After Bitcoin’s record run is Ethereum next? By Investing.com