Despite the ongoing struggle of Bitcoin (BTC) and Ethereum (ETH) to reach their all-time highs, recent data indicates a significant development in both assets. According to a report by Matrixport, Ethereum has been exhibiting higher price fluctuations compared to Bitcoin in recent weeks.
Volatility, which measures price changes over time, shows that Ethereum’s movements have been up to 50% more erratic than Bitcoin’s, indicating a riskier market for investors. This increased volatility has been particularly evident in Ethereum’s response to market stimuli, with the cryptocurrency experiencing higher levels of volatility than Bitcoin.
Since the beginning of the latest bull market, Ethereum’s price has been subject to more drastic shifts, presenting different risk and reward scenarios compared to the relatively stable Bitcoin. Despite this, Matrixport suggests that buying Ethereum volatility at the lower end of the range could present an attractive opportunity.
In terms of performance, both Bitcoin and Ethereum have shown similar price movements over the week, with BTC rising by 7.5% and ETH by 7.9%. However, there has been a difference in the past 24 hours, with Bitcoin surging by 2.8% to reclaim the $61,000 price mark, while Ethereum has only increased by 1.2% to surpass $2,700.
The technical analysis indicates that Bitcoin may be poised for a rebound to higher levels, while Ethereum is still consolidating within a range but could potentially see an upside breakout. Overall, the market dynamics between Bitcoin and Ethereum continue to evolve, offering both challenges and opportunities for investors.