Ethereum‘s native token, Ether, may beat Bitcoin to new all-time highs, fresh analysis reveals.
In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH the edge over BTC.
With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ether as no exception.
The largest altcoin has recaptured $3,000, a level that, this week, is now in the process of being retested as support.
Despite attention focusing on Bitcoin reclaiming $50,000, optimism over Ether remains high after its successful London hard fork deployment earlier this month.
