Ethereum Outpaces Bitcoin as Momentum Builds Toward Deflationary 'Merge'
• Ether (ETH) has outperformed bitcoin (BTC) over the past week, gaining over 16% versus bitcoin's 8.5% rise
• Ethereum's shift to proof-of-stake and the Merge has led to a deflationary trend, with 1.4 million ETH burned since September
• Over 30 million ETH are now staked, removing additional supply from circulation
• Ethereum network upgrades like Dencun should further reduce transaction fees
• Approval of spot ETFs in the U.S. later this year could drive significant ETH demand