Ethereum surged after softer U.S. inflation data triggered heavy futures buying, with some analysts arguing it now offers a stronger medium- to long-term opportunity than Bitcoin. They cite structural tailwinds while cautioning that the latest rally remains driven largely by short-term speculative positioning.
Ethereum (CRYPTO: ETH) jumped above $1,9000 after cooler-than-expected inflation data sparked heavy buying in futures markets, adding to what analysts call a long-term bullish case.ETH More Attractive Than BitcoinIn an X post on July 15, CryptoQuant noted that within an hour of the CPI data release:
Binance recorded roughly $1.2 billion in taker buy volume for ETH while,
Deribit and OKX also saw significant buying activity.
Bitcoin climbs to $64,700 as softer US inflation eases US Fed rate hike concerns
Ethereum sees $1.2B in taker buy volume on Binance after US CPI data sparks rally
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The second-largest cryptocurrency rose as much as 15 per cent to US$4,866.73, topping the previous all-time high in November 2021.
