After the PCE price index met expectations, Bitcoin (BTC) has once again surpassed the $95,000 mark, demonstrating the market's continued confidence in cryptocurrencies. Meanwhile, Ethereum (ETH) performed strongly, with a daily increase of 11.65%, reaching a high of $3,688, further consolidating its strong position in the market.
The ETH/BTC ratio currently stands at 0.03760, up 17.8% compared to last week, with the next key resistance target aimed at 0.0400, indicating ETH's relative strength against BTC. At the same time, BTC's market capitalization share has dropped from a high of 61.50%, providing space for ETH's rise.
The Ethereum spot ETF continues to see strong capital inflows, recording a net inflow of $90.1 million yesterday and maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the potential for ETH to retest its historical high of $4,868, representing a 35.4% upside from the current price.
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