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Ethereum surged over 11% Wednesday, surging above $3,400 and bringing the ETH bulls out of the woodwork. The outperformance relative to 
Bitcoin is earning new attention – driven by ETF optimism, institutional accumulation, and tipping market dynamics.
What’s the Scoop?
- Ethereum Outperforming: ETH has surged 11% to trade near $3,400, while Bitcoin's more modest bump has it just below $120K.
- Treasury Accumulation: Corporates and protocols continue heavy ETH accumulation into reserves and treasuries, signaling long-term strategic positioning.
- Macro & Policy Tailwinds: U.S. sentiment (“Crypto Week”) and talk of Fed interest-rate cuts add bullish undercurrents, though BTC may pause while Ethereum rides these tailwinds.
