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QCP Capital: ETH’s recent strong performance is expected to retest historical highs, and the next key resistance level for the ETH/BTC ratio is 0.04
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2024-11-28 19:32:01 5,312
Golden Finance reported that QCP Capital’s latest analysis pointed out that BTC returned to the $95,000 mark after the PCE price index was in line with expectations. ETH performed strongly, rising by 11.65% yesterday, hitting a high of $3,688. The ETH/BTC ratio currently stands at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400. At the same time, BTC’s market capitalization share fell from a high of 61.50%. The ETH spot ETF continues to record strong net inflows, with $90.1 million inflows 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 that it is expected to retest the all-time high of $4,868, which still has room for a 35.4% increase from the current price.
Keywords: Bitcoin
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