Ethereum has overtaken Bitcoin in futures trading volume over the past three months, as reported by TheMarketPeriodical. This shift comes as Bitcoin holders exchange BTC for ETH, seeking liquidity around $4,400. Following a 12% market rebound after Fed Chair Jerome Powell's speech on cooling inflation, Ethereum outperformed Bitcoin, which saw a 3.4% increase.
Analysts have observed significant Ethereum accumulation at $4,200, with both retail and large investors actively purchasing ETH despite institutional sales. Ethereum's price is targeting $5000, supported by bullish market patterns and liquidations at $4,400, signaling a potential altcoin season.
Ethereum Futures Volume Surpasses Bitcoin, Eyes $5000 Target
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