ETH outshines Bitcoin with strong performance
Ethereum gained 11.65% this week, reaching a high of $3,688, as investors rotated capital from Bitcoin. The ETH/BTC ratio climbed 17.8%, standing at 0.03760, signaling Ethereum's growing strength against Bitcoin. Analysts predict a move toward the next key level of 0.0400.
$90M inflows mark strong investor interest
Spot Ethereum ETF inflows exceeded $90 million, underscoring increased institutional interest. This surge, coupled with Ethereum’s bullish chart patterns, suggests a potential retest of its all-time high of $4,868. A successful rally would represent a 35.4% upside from current levels.
Golden cross highlights bullish momentum
Ethereum’s daily charts show bullish patterns, including the nearing of a golden cross, where the 50-day and 200-day Exponential Moving Averages converge. This technical setup reinforces Ethereum’s positive trajectory and highlights its potential to outpace other cryptocurrencies in the current rally.
Total value locked grows by $10 billion
The decentralized finance ecosystem built on Ethereum has seen a $10 billion increase in total value locked (TVL), supported by renewed market optimism following Donald Trump’s U.S. presidential election win. Ethereum continues to dominate the DeFi space, further solidifying its position as a market leader.
Path to new highs
Ethereum’s resilience and growing investor interest, fueled by spot ETF inflows and a robust DeFi ecosystem, position it as a top contender for future growth. With analysts eyeing a potential 35% rally, Ethereum's path to reclaim its all-time high seems increasingly achievable.