Ether’s Record Run Came With Less Support Than Bitcoin’s, Blockchain Analysis Sh

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Compared with bitcoin’s (BTC) rally to a record price above $61,000 in March, ether’s latest bull run to an all-time high over $2,100 was supported by scantier demand from buyers, according to a top blockchain-data analyst.
Philip Gradwell, chief economist at Chainalysis, said on CoinDesk TV’s “First Mover” show that “relatively little” ether (ETH) was bought at prices above $1,850 and even less was bought at $2,000 or above.
“The reason why this is important is because the price that people are willing to buy and hold at tells us the level of demand that there is at that price level,” Gradwell said. “So not a huge amount of demand at that $2,000 price. Source