Bitcoin (BTC) prices have plummeted in September, approaching support levels, while Ethereum (ETH) demonstrates steady growth in trading volume.
Ethereum Surpassing Bitcoin in Volume
Ethereum, the largest altcoin by market capitalization, unexpectedly outperformed Bitcoin in monthly trading volume on centralized exchanges. In August, ETH exceeded BTC volume by $80 billion, reporting $480 billion against Bitcoin's $401 billion.
Current Price and Future Prospects of Ethereum
With current threats to Bitcoin, Paul Howard, Wincent's senior manager, expressed confidence in Ethereum's future. He believes that expected rate cuts in upcoming meetings may positively impact ETH, especially in the fourth quarter. "Pay attention to whale wallets transitioning to Ether this quarter," he stated.
Expert Opinions on the Future of ETH
Experts believe that the situation in the ETHBTC pair remains stable, and the 0.039BTC level indicates potential recovery for ETH, provided Bitcoin does not experience sharp declines. The critical price point for ETH in the USD pair is $4,150.
Overall, Ethereum's position in the context of monthly trading volume and its standing against Bitcoin suggests potential positive changes. Expectations of rate cuts could breathe new life into ETH in the near future.
