As Bitcoin Sinks, It's Time for Ethereum to Outperform: Standard Chartered

BTC

BTC/USDT

$72,460.75

+5.93%

$72,460.75

+5.93%

(24s)

24h Volume

$36,676,455,256.70

24h H/L

$72,966.00 / $68,103.71

Change: $4,862.29 (7.14%)

Long/Short

51.4%

Long: 51.4%Short: 48.6%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$72,737.50

▲ 4.91%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$73,670.99

Price$72,737.50

Support 1$72,666.77

Support 2$70,580.26

Support 3$67,062.90

Pivot (PP):$67,833.60

Trend:Uptrend

RSI (14):79.9

Decrypt Editorial

(10:36 PM UTC)

1 min read

Verified byDavid Kim

Standard Chartered's Geoff Kendrick argues that Strategy's $2.5 million Bitcoin liquidation marked a turning point for Ethereum.
As Bitcoin's price dropped, Ethereum registered one of Ethereum's largest daily outperformance spikes since 2024.
Kendrick believes that Ethereum's current price is deeply disconnected from thriving network metrics.

When Strategy disclosed on Monday that it…