Bitcoin Cash (BCH) Faces an Uphill Battle as Litecoin (LTC) Basking in the Limelight of Exchange-Traded Funds (ETFs)

Amid the frenzied dance of cryptocurrencies, Bitcoin Cash (BCH) surged with the grace of a rollercoaster, rallying 6% before slipping back 4% to settle near $318 by week's end.

Bitcoin Cash (BCH) had a bumpy ride last week, starting off with a 6% surge that seemed promising. But as the week progressed, the gains slipped away, leaving BCH down 4% and hovering around $318 by Friday.

This up-and-down movement was sparked by whispers of new exchange-traded funds (ETFs) entering the crypto scene. BCH initially rallied in response to these rumors, but the hype fizzled out when the ETFs turned out to be focused on other crypto assets.

Moreover, BCH faced unexpected headwinds in the form of traders flocking to Litecoin (LTC) instead. The SEC's approval of more ETF proposals shifted investor enthusiasm toward LTC, creating bullish momentum in its markets.

On the other hand, BCH faced the brunt of traders' apprehension. Interestingly, the average transaction size for BCH plummeted by 67% since early February. This signals a lack of confidence among whales who are now pivoting toward LTC's greener pastures.

While BCH's plight worsened, Litecoin basked in the glory of a 35% boost in average transaction size, indicating a robust appetite from institutional investors gearing up for possible ETF gains.

Technically speaking, BCH finds itself on shaky ground. The charts ominously hint at a potential “death cross” as BCH's 50-day moving average edges dangerously close to its 200-day equivalent. Such patterns often precede prolonged bearish descents.

The bottom line? Bitcoin Cash trudges forward under looming clouds, grappling with a shifting capital tide favoring assets bathed in ETF excitement. Until whale demand rallies, BCH's battle to restore momentum north of $350 remains steep amidst this enthralling market saga.