I noticed an interesting thing on the charts in March — it seems there was a real rotation of capital between Bitcoin and Ethereum. Bitcoin only increased by 1.83%, while the Ethereum price jumped by 7.12% over the same period. This is not just a coincidence — it looks like traders are starting to look for assets with stronger short-term dynamics.

Data shows that Bitcoin’s market capitalization even slightly decreased by 0.43%, while Ethereum gained 2.97%. Against the backdrop of April data (BTC +8.43%, ETH +6.84% for the month), it’s clear that the Ethereum price continues to maintain a good pace. Interestingly, this seems to be a conscious shift — from assets as a store of value to those that react more sensitively to liquidity changes.

Ethereum’s volatility was 62.8% compared to 49.8% for Bitcoin, meaning ETH fluctuates much more sharply. Despite a correlation of 0.94, the Ethereum price moves more intensely, attracting traders seeking higher short-term returns. Additionally, on-chain data shows that ETH is being withdrawn from exchanges — a hint that selling pressure is decreasing.

Network activity is increasing, and the number of addresses is growing. It appears the Ethereum ecosystem is gaining real momentum — with stablecoins, DeFi, RWA tokenization. This attracts more attention than just the narrative of Bitcoin as digital gold. If market conditions improve, the Ethereum price could further accelerate ahead.