Odaily Planet Daily News Bitget Research Institute Chief Analyst Ryan Lee said that Ethereum has recently risen by nearly 60%, breaking through $3,800, mainly benefiting from the inflow of institutional funds and the increase in on-chain activity, showing obvious signs of structural strengthening. It is worth noting that the ETH/BTC ratio has broken through the 200-day moving average for the first time in a year, indicating that Ethereum is entering a relatively strong period.

Last week, the total net inflow of ETH-related spot and derivatives reached $2.4 billion, and the on-chain whale addresses continued to increase their holdings. At the same time, the market's expectations for the Ethereum ecosystem, especially core applications such as DeFi, continued to heat up, driving a structural migration of funds to ETH. In contrast, although Bitcoin has been running stably above $119,000, its technical side remains stable and has received support from some institutions, ETF funds have seen a small outflow, and the market momentum has significantly weakened compared to ETH. Funds are rotating to the mainstream altcoin sector.

If the current trend continues, ETH is expected to challenge $5,500-6,500 in the fourth quarter of 2025. If institutional demand continues, it is expected to rise to $10,000. BTC is expected to rise to the $140,000-160,000 range by the end of the year.