Ethereum is getting more volatile than Bitcoin, according to QCP Capital, a big player in the crypto market. They’ve noticed that Ethereum’s price swings are getting bigger compared to Bitcoin, which could mean more opportunities for traders.
Ethereum’s Volatility Premium
QCP says that the difference in volatility between Ethereum and Bitcoin has grown to 8%, up from 4% just last week. This means that Ethereum is expected to move up and down in price more than Bitcoin.
Ethereum Holds Steady Amidst Market Uncertainty
Even though Bitcoin has been going through some rough patches lately, Ethereum has held its ground. It’s actually even gained a bit in price, despite some negative news about Bitcoin ETFs.
Is Ethereum Poised for a Breakout?
QCP thinks that if the current trend of money flowing out of Ethereum ETFs slows down, Ethereum could see a big price jump. They’re suggesting that traders buy Ethereum now while it’s still relatively cheap.
Ethereum vs. Bitcoin: Recent Performance
Both Ethereum and Bitcoin have been down in price over the past week, but Ethereum has taken a bigger hit. However, in the last 24 hours, Ethereum has actually gained a bit, while Bitcoin is still down.
A Key Level for ETH/BTC
Crypto analyst Michaël van de Poppe says that if the price of Ethereum breaks above 0.0515 Bitcoin, it could signal a big rally for Ethereum.
Overall, it seems like Ethereum is on the move and could be more volatile than Bitcoin in the near future. This could be a good thing for traders who are looking for bigger gains. /p>
