The latest analysis from QCP Capital pointed out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, rising 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently at 0.03760, up 17.8% from last week, and the next key resistance is at 0.0400.
At the same time, the share of BTC market capitalization fell back from a high of 61.50%. ETH spot ETF continued to record strong net inflows, flowing into $90.10 million yesterday, maintaining positive growth for four consecutive days. Considering that ETH has lagged behind BTC and SOL in this bull market, its recent performance strongly supports its hope to re-test the historical high of $4,868, which is still 35.4% higher than the current price.
QCP Capital: ETH's recent strong performance is expected to re-test its all-time high, and the next key resistance level for the ETH/BTC ratio is at 0.04.
2024-11-28 11:02:51
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