Ethereum (ETH) continues to gain momentum, with analysts suggesting it could retest its all-time high of $4,868. Recent inflows into Ethereum Spot ETFs and strong market performance bolster its upward trajectory.
ETH/BTC Surges Nearly 18%
Ethereum’s performance against Bitcoin (ETH/BTC) has impressed, rising by 17.8% this week to a ratio of 0.03760. QCP Capital noted that this positions the ratio to test 0.0400 as Bitcoin dominance declines from its peak of 61.50%.
Ethereum surged 11.65% to $3,688 as the crypto market rallied. While Bitcoin reclaimed $95,000, Ethereum showed relative strength as capital flowed from Bitcoin to altcoins.
Spot ETF Inflows Top $90 Million
In a pivotal development, Ethereum Spot ETFs witnessed inflows exceeding $90 million. These inflows underline growing institutional interest, offering further tailwinds for Ethereum’s price trajectory.
Ethereum’s decentralized finance (DeFi) ecosystem also expanded, with the total value locked (TVL) increasing by $10 billion, according to DeFiLlama. Analysts pointed to bullish technical patterns, including a potential golden cross as the 50-day and 200-day EMAs approach convergence.
35% Upside to All-Time High
Despite lagging Bitcoin and Solana in the broader rally, Ethereum’s strong fundamentals and recent gains position it to target a 35.4% rise from current levels to its all-time high.
Ethereum’s rally highlights growing investor confidence, with both technical indicators and ecosystem developments pointing towards sustained growth.
