QCP Capital: ETH has shown strong performance recently and is expected to retest its historical high. The next key resistance level for the ETH/BTC ratio is at 0.04

2024-11-28 17:27:21

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ChainCatcher news, QCP Capital's latest analysis points out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, with a rise of 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.

Meanwhile, BTC's market cap share has retreated from a high of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the potential for a retest of the historical high of $4,868, which still has a 35.4% upside from the current price.

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