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QCP Capital: ETH's recent strong performance is expected to retest its historical highs, and the next key resistance level for ETH/BTC is 0.04
2024-11-28 11:06:16
Odaily News QCP Capital posted on the Go channel that BTC returned to the $95,000 mark after the PCE price index met expectations. ETH performed strongly, rising 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently 0.03760, up 17.8% from last week, and the next key resistance level is 0.0400. At the same time, BTC's market capitalization share has fallen from a high of 61.50%. The ETH spot ETF continues to record strong net inflows, with an inflow of $90.1 million yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this round of bull market lag behind BTC and SOL, its recent strong performance supports its potential to retest its historical high of $4,868, which still has 35.4% room to rise from the current price.