Ethereum

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With ETH/BTC up 17.8% this week and spot Ethereum ETF inflows exceeding $90 million, analysts suggest Ethereum’s path to its all-time high appears increasingly achievable.
Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) outperformed the broader crypto market, rising 11.65% to a high of $3,688, as capital rotated from Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>).
The surge comes as Bitcoin reclaimed the critical $95,000 level on Nov. 27, following in-line PCE price index results. However, Ethereum’s relative strength continues to build. The ETH/BTC ratio currently stands at 0.03760, up 17.8% from the prior week, analysts at QCP Capital noted.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “With BTC dominance breaking down from its high at 61.50%, ETHBTC has held up nicely and is currently at 0.03760, up 17.8% from last week. This brings 0.0400 into focus as the next level to watch.”
 QCP Capital
</blockquote>
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<h2 class="wp-block-heading" id="ethereum-targets-all-time-high">Ethereum targets all-time high</h2>
Despite Ethereum lagging behind Bitcoin and Solana (<a href="https://crypto.news/tag/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) in the ongoing rally, QCP Capital suggests the recent ETH gains could lead to a retest of its all-time high of $4,868, offering a potential upside of 35.4% from current levels.
As crypto.news <a rel="noopener noreferrer nofollow" href="https://crypto.news/ethereum-price-is-on-track-to-hit-10k-crypto-analyst-predicts/">reported</a> earlier, Ethereum’s daily charts indicate bullish patterns, including the potential for a golden cross as the 200-day and 50-day Exponential Moving Averages approach a bullish crossover.
Ethereum’s decentralized finance ecosystem has also seen growth. The total value locked in Ethereum-based protocols rose by about $10 billion, following bullish momentum spurred by Donald Trump’s U.S. presidential election win, according to <a href="https://defillama.com/chain/ethereum" target="_blank" rel="noopener noreferrer nofollow">data</a> from DeFiLlama.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/here-are-5-reasons-why-ethereum-looks-strong-despite-market-volatility/"> Here are 5 reasons why Ethereum looks strong despite market volatility </a>

QCP Capital: Ethereum eyes 35% rally as spot ETF inflows hit $90m

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