Ethereum Price Remains 60% Down From ATH as ETF Demand Builds

• Ethereum price remains about 60% below its all-time high near $4,946.
• A TradingView chart shows ETHUSD up 13.35% while BTCUSD is down 18.80%.
• Lookonchain reports stablecoin supply rose by $2.69 billion, with Ethereum adding $1.57 billion.

Ethereum, the second largest cryptocurrency by market cap is currently trading near $2158, nearly 60% below its ATH price of $4946. Despite all of this, the latest market data is starting to build a stronger case for a catch-up move. 

However, stablecoin growth, institutional accumulation, and recent outperformance against Bitcoin are seeing growing confidence in the spot ETF.

Ethereum Price Firms Up While Bitcoin Lags

The TradingView comparison chart shows ETHUSD up 13.35% while BTCUSD is down 18.80% over the displayed period. That relative strength matters because Ethereum has spent much of the current cycle underperformin…

Read The Full Article Ethereum Price Remains 60% Down From ATH as ETF Demand Builds On Coin Edition.