$ETH

Finally.. Ethereum ETH outperforms Bitcoin BTC and the price breaks through an important resistance level

Ethereum ETH has outperformed Bitcoin BTC over the past week, at a time when the digital market continues to show broad optimism. The latest joint report between Bybit, the global digital currency exchange platform that is the second in the world in terms of trading volume, and Block Scholes, a London-based advanced research and data analytics company, indicated Ethereum’s clear superiority over Bitcoin over this week.

The report indicated a significant increase in the open interest of Ethereum perpetual contracts, while Bitcoin’s open interest slowed after the main digital currency retreated from levels close to $100,000 that it recorded last week.

Ethereum prices rose by more than 8%, compared to Bitcoin’s decline of 1.6% during the same period. This comes after news that US Securities and Exchange Commission Chairman Gary Gensler will step down from his position on January 20, 2025, which has boosted optimism among investors.