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Ethereum Crushes Bitcoin in Transaction Volume Boom—Here’s Why It Matters

Ethereum Crushes Bitcoin in Transaction Volume Boom—Here’s Why It Matters

Author:
CoinTurk
Published:
2025-07-09 08:18:44
7
2

Move over, Bitcoin—Ethereum's network is flexing its muscles. Transaction volumes just hit a tipping point, and ETH isn’t looking back.

Why the surge? Smart contracts, DeFi mania, and a little thing called 'actual utility.' Meanwhile, Bitcoin maximalists are too busy counting satoshis to notice.

Key drivers:

- DeFi protocols eating traditional finance’s lunch (and charging 30% APR for the privilege)

- NFT gas wars turning blockchain into a pay-to-play battleground

- Institutional money finally realizing ‘programmable money’ might be useful

One hedge fund trader quipped: 'We’re long ETH until Wall Street starts selling ETH-based ETFs wrapped in a synthetic CDO.' Classic finance—always late to the party.

Bottom line: Ethereum’s not just winning—it’s rewriting the rules. And Bitcoin? Still the digital gold… if gold moved at dial-up speeds.

$2,627 has remarkably surpassed Bitcoin$109,163 in derivative transaction volume, reaching $59.21 billion in the last 24 hours against Bitcoin’s $56.33 billion. This shift reflects a crucial milestone, indicating Ethereum’s growing dominance in crypto derivative exchanges. The boost coincided with Ethereum’s price recovery since mid-June downturns, prompting investors to reassess their positions in the spot market.

ContentsEthereum’s Leadership Signals Potential Altcoin RallyTechnical Analysis of Ethereum

Ethereum’s Leadership Signals Potential Altcoin Rally

According to CoinGlass data, open positions in ethereum rose by 7.63% within a day, affirming a focus on upward leverage. As liquidity deepens, buying demand is intensifying on order books, while the number of contracts in futures markets has reached a seven-day high.

As Ethereum leads, the Altcoin Season Index from Blockchaincenter has dropped to 24, indicating historic lows. During such downturns or near-bottom phases, altcoins often gain momentum within weeks.

Though the current outlook suggests a “Bitcoin Season”, Ethereum’s volume supremacy hints at the impending onset of an altcoin rally. The market is closely monitoring whether Ethereum can solidify its $2,800 resistance level as a stable support. Achieving this could potentially inaugurate the anticipated altcoin season.

For a lasting market transformation, transaction volumes must also reflect on the spot market. Movements purely driven by leverage may decelerate momentum quickly. Sellers anticipating corrections are in short-term liquidity pursuits.

Technical Analysis of Ethereum

On the daily chart, Ethereum’s price aligns below the 50, 100, and 200-day moving averages, offering layered support. The Relative Strength Index (RSI) stands at 57, away from oversold territory. This structure furnishes buyers with a conducive ground for new attempts without losing momentum, as prices bounce back swiftly when dipping below these moving averages.

Stuck between $2,600 and $2,700, previous attempts at breaching above $2,800 were short-lived. Breaking this resistance could introduce the psychological threshold of $3,000. In a bullish scenario, the next resistance may appear around $3,200, whereas in a bearish scenario, prices could retract to the $2,400–$2,500 range. Volume sustainability will be crucial in confirming Ethereum’s directional move.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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