![Traders Are Turning to Ether (ETH): First Mover Americas Traders Are Turning to Ether (ETH): First Mover Americas](https://digitallifegaming.com/wp-content/uploads/2023/11/E26RCH2YLFBETAFYAP6KJTOF2Q-768x402.jpg)
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Key derivatives market metrics show sophisticated traders are turning their attention to ether (ETH) from the recent market standout, bitcoin (BTC), hinting at a potential outperformance of Ethereum’s native token in the coming weeks. Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and an ESG-compliant label, has lagged big time, gaining just 35%, CoinDesk data show. The performance gap is even wider over larger time frames, with bitcoin boasting a 163% year-to-date gain versus ether’s 89%.
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