Bitcoin Surpasses $95,000, Ethereum Rises to $3,688 with 11.65 Percent Increase$BTC
There were some exciting moments in the cryptocurrency market last night. Bitcoin (BTC) exceeded the $95,308 level, passing the $95,000 threshold. Ethereum (ETH) rose by 11.65 percent to $3,688. This strong performance drew investors' attention to Ethereum.
Spot Ethereum in the US$ETH
The $90.1 million investment in exchange-traded funds (ETFs) shows investor interest shifting to ETH, supporting the rally. Analysts expect Ethereum to continue its uptrend and retest its all-time high.
Ethereum’s Rise and Investor Interest
The price of Ethereum has seen a significant increase in the last 24 hours, reaching as high as $3,606. This increase shows that ETH is quickly making up for its lagging performance against Bitcoin and Solana (SOL). Interest in Ethereum has been further fueled by investments in Ethereum ETFs and a 17.8% increase in the ETH/BTC pair. The ETH/BTC pair has risen to the 0.03760 level, and investors are noting that ETH is starting to recapture its strong performance from past rallies.
All-Time Highs Could Be Tested Again
According to QCP Capital analysts, Ethereum’s current rally raises the possibility of a retest of the recent all-time high of $4,868, which would represent an increase of approximately 35.4% from current prices. Bitcoin’s decreasing market dominance (BTC.D) also stands out as a factor supporting Ethereum’s rise.
Analysts expect Ethereum’s uptrend to continue strongly and the all-time high to be tested, especially with continued investments in spot Ethereum ETFs. This increase is expected to positively affect not only Ethereum but the entire altcoin market.
However, according to current data, ETH is trading at $3,614, down 1.04% in the last 24 hours.