Ethereum is experiencing increased network activity as Bitcoin sees a decline in perpetual contract interest. Bitcoin's daily contract volume has dropped significantly, falling to 13 million weekly from 80 million, according to Alphractal. In contrast, Ethereum's network activity remains stable at 17 million. The ETH/BTC ratio has increased by 14% between November 24 and December 8. Additionally, $87 million has flowed into Ethereum spot markets over the past two days, indicating growing investor interest.