Ethereum's Ether (ETH) has experienced a significant price recovery against Bitcoin (BTC) after hitting a six-month low last week. The ETH/BTC pair reached 0.0709 BTC on April 18, up by approximately 15% from its local bottom of 0.0602 BTC six days prior. Ethereum's Shapella upgrade, which enables Ether stakers to withdraw their rewards from the proof-of-stake smart contract, may have boosted ETH's appeal compared to BTC. Stakers have withdrawn 574,700 ETH worth about $1.21 billion since the upgrade on April 12. However, institutional investors have shown more interest in Bitcoin than Ether in the past week, with Bitcoin-based investment vehicles witnessing $103.8 million in inflows versus Ethereum funds' $300,000. Ethereum's price is also at risk of a potential bearish reversal move due to its overbought daily relative strength index (RSI). The article does not provide investment advice and encourages readers to conduct their own research before making any decisions.

(By YASHU GOLA)