Grayscale Analyst: Ethereum’s rise on Wednesday shows that the market is finally turning to ETH-centric trading
Ethereum broke through its new high for the year in the morning and rose to around $2,450. Matt Maximo, a senior research analyst at Grayscale Investments, said that Ethereum's rise on Wednesday indicates that the market has finally shifted to ETH-centered trading, although this may not be fully evident until a US spot Bitcoin ETF receives appropriate regulatory approval. Ethereum's on-chain activity is still very strong, so I believe it's not a matter of "if" but "when" Ethereum will catch up.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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