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Crypto Assets Observation: ETH VS BTC, Value Transfer in Progress?
On the stage of the Crypto Assets market, the "battle" between ETH and BTC has always attracted attention. Recently, ETH's performance seems to be even more outstanding, which is quite impressive.
Although the current price of ETH is still in a downward channel, its pullback magnitude and trading volume are relatively mild, which has sparked many speculations in the market: Is the value of BTC quietly flowing towards ETH?
One perspective suggests that a large amount of funds is flowing out of BTC and into ETH, which may explain the strong performance of ETH. For investors, this is undoubtedly a signal worth paying attention to.
As long as ETH can break through the current descending channel, it is very likely to reach new highs. The crypto market is constantly changing; what will the subsequent trend be? Let's wait and see!