ETH price is revisiting cycle lows but data from glassnode highlights the notable improvement in investor sentiment.
ETH price rallied 77% leading into the spot Bitcoin ETF approval, setting a year-to-date high at $2,715, but in the weeks after the spot BTC approval, ETH price has turned soft alongside the rest of the market.
The latest data from on-chain analytics firm Glassnode shows that despite the current downturn, Ether has outperformed Bitcoin (BTC) in multiple areas..
Glassnode’s latest “The Week Onchain” report highlights ETH’s outperformance of Bitcoin” on a quarterly, monthly, and weekly basis.”
