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The ETH price has been on a roller coaster ride since the turn of the year, hitting an all-time high of $4,380 in April. The uptrend has slowed down in the past few days, with the top altcoin declining below the $3,200 support level.\u00a0<\/strong><\/p>\n Per a <\/span>tweet<\/span> from crypto analytics site Santiment that tracks over 2000 digital assets, the ETH price could rally higher in the near term. The platform pointed to one macro indicator that shows immense price shifting potential.\u00a0<\/span><\/p>\n The data shows that the ‘mean dollar invested age’ for ETH has been activated as dormant investments in the world’s second-largest crypto start moving considerably.<\/span><\/p>\n “Ethereum’s mean dollar invested age curve is flattening significantly this past week. This means dormant investments are showing signs of moving substantially again, and it’s one of the key ingredients to sparking another ETH bull run,” Santiment noted.\u00a0<\/span><\/p>\n The analysis is extremely bullish for ETH, as it shows that investment dollars that have been locked up in addresses are now flowing into the crypto market following a period of slowed activity. The result is likely to be a more intense shift in market sentiment, resulting in higher Ether prices.\u00a0<\/span><\/p>\n Ether has been one of the best performing crypto assets over the past twelve months, accumulating gains of nearly 1000%. BTC, the crypto market’s most influential asset, has only risen 300% in that period, leading to speculation that the king coin could lose its dominance to ETH in the long run.<\/span><\/p>\n Per a recent <\/span>report<\/span> by banking giant Goldman Sachs, Ethereum has a great chance of surpassing bitcoin’s $816 billion market cap in the coming years. The main reason for this assumption is that the Ethereum network has the capacity to develop and implement decentralized apps, while its older sibling cannot.<\/span><\/p>\n While BTC was designed to be a legacy cryptocurrency that works purely as a store of value, ETH has a much higher utilization. The bitcoin rival represents the future of smart contracts and programmable currency as it can build real-world apps in its infrastructure and still serve as a store of value.<\/span><\/p>\n<\/span>Santiment Data Shows Possible ETH Price Uptick<\/b><\/span><\/h2>\n
<\/span>Could Ethereum Topple Bitcoin’s Market Dominance?<\/b><\/span><\/h2>\n