Ethereum ($ETH) recently surged, breaking through the $3,600 mark on Wednesday, achieving a notable 10% increase for the day. This strong upward momentum helped Ether flip its weekly performance from negative to positive, while Bitcoin ($BTC) has been trailing behind, down around 3% for the week. On the other hand, Ethereum has seen a 7% gain this week, marking a potential second consecutive week of growth. Both coins have seen significant upward movement in November, continuing their respective bullish trends.
As of now, Ether’s performance highlights its strength in comparison to Bitcoin this week, signaling investor confidence. Analysts are observing this shift closely, noting that Ethereum’s recent surge could be attributed to various factors, including developments in its ecosystem and broader market trends.
To stay updated on this trend, be sure to monitor further market activity.