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Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval By Cointelegraph

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Ether (ETHThe () price of a product is not as high as the (BTC(October) Price action of 13%, but does this make sense? The altcoin is still ahead of Bitcoin by 274% for 2021. This is because traders can be very short-sighted. Some will doubt whether or not the network can migrate to PoS validation, which would solve the problem of high gas costs.

Bitstamp.com – Bitcoin and Ether price comparisons Source: TradingView

Investors are also concerned by the increased competition coming from smart contract networks such as (SOL and (AVAX).

Three-month basis rate for Ether futures. Source: Laevitas.ch
Eight-hour funding rate for Ether perpetual Futures. Source: bybt