— Raoul Pal (@RaoulGMI) June 2, 2020 Investor Pal stated in a tweet that Ethereum price could perform better than Bitcoin (BTC) at some point. Pal also stated to his followers that the two major ecosystems (ETH and BTC) represent the “digital future”, saying that the two largest cryptocurrency communities should not attack each other.
Ethereum Fluctuates at Bitfinex
The world’s leading altcoin was on the move last week, reaching its highest level since March, reaching $ 250, almost 25%. As noted by crypto trader Josh Olszewicz, the long-term value of Ethereum on the Bitfinex exchange has recently reached the all-time high of $ 435 million, which means traders are increasingly investing in the continuation of the current price rally. This coincided with the clear interest in Ethereum options on Deribit to reach new heights with their volumes.
Is Repetition of the First Quarter Experiencing?
Trader Scott Melker; He claims that the bear market will die if BTC manages to go above $ 10 thousand 522. Thus, a higher pressure can be seen on the monthly chart. The rally is similar to the price action that resulted in Bitcoin lagging behind Ethereum in early 2020 and inevitably disrupting the cryptocurrency’s dominance.
