Also, Ethereum’s transition to PoS is expected to be the watershed moment for the entire Ethereum ecosystem.
Now, with new bullish narratives emerging for Ethereum, many are pondering whether Ethereum could flip Bitcoin in market cap and take the number one spot.
The ETH/BTC ratio, in the graph above, ‘of 0.074762 on Friday came within millimeters of an 8-week high of 0.074878,’ Santiment tweeted.
Different bullish attributes around ETH played a significant role, for instance, the ‘Merge‘.
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