Ethereum has surpassed Bitcoin in terms of address activity for the first time, according to data provided by cryptocurrency analytics platform Santiment.
Earlier today, Ether hit a one-week high of $ 2,135 on the Bitstamp exchange.
The second largest blockchain is seeing an increase in activity in the run-up to the long-awaited EIP-1559 update that is expected to roll out in the coming weeks.
Meanwhile, active Bitcoin addresses are at the lowest level since February.
The cryptocurrency is struggling to regain momentum after the bulls failed to break the resistance at $ 35,000.
The ETH / BTC pair is now in the midst of an apparent trend reversal, rising nearly 7 percent in the past 24 hours.
Jim Cramer turns to Ether
After exiting Bitcoin and announcing that he would only buy it for $ 10,000, CNBC presenter Jim Cramer said that he would continue to buy Ethereum.
The superstar stock picker likes Ethereum better because people use it "a lot more" to buy things:
“I went back to Ethereum because Bitcoin had $ 30K. I like Ethereum because people use it a lot more to buy things. "