Ethereum’s recent market activity has been excellent over the last couple of months. It has surged above Bitcoin by over 64%, up to 3-3.5 times, signaling a change in the crypto world. Bitcoin, on the other hand, experienced a smaller rise of about 10% between the week of April 11 and April 18, jumping to $115,375 in value.
This trend reflects institutional investors’ increased interest in Ethereum. Companies like BitMine have started to accumulate ETH in massive numbers, purchasing $2.9 worth of Ethereum in five weeks alone. The institutional purchases on a larger scale outline a change of feeling as Ethereum is no longer regarded as a medium for developers only, but a long-term commitment requiring serious investment.