$ETH Ethereum is outpacing Bitcoin in terms of long-term holder ratios, with 74.7% of Ethereum addresses now held by long-term investors, compared to just over 60% for Bitcoin. This shift reflects growing confidence in Ethereum’s future, as holders have steadily increased throughout 2024, while Bitcoin’s long-term holder percentage has declined. As Ethereum shows strong support levels and trades within an ascending channel, it may be poised for a rally, especially if it holds above key support at $2,800. Traders should watch for potential bullish momentum, as Ethereum could move toward $6,000. In contrast, Bitcoin’s market sentiment appears weaker, with its funding rates falling, signaling caution. Traders should consider Ethereum for potential gains while monitoring Bitcoin’s price action closely.

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