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The cryptocurrency market experienced significant movement recently, with Bitcoin (BTC) 
$107,804 surpassing the critical level of 95,000. Ethereum (ETH) 
$2,528 also saw an impressive rise of 11.65%, reaching as high as $3,688. This performance shifted market attention toward ETH.
Spot Ethereum ETFs Attract Significant Interest
In the United States, spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of $90.1 million yesterday, continuing a four-day streak that boosted market optimism. It was observed that Ethereum rapidly compensated for its underperformance against Bitcoin and Solana 
$172 (SOL).
The ETH/BTC trading pair increased by 17.8% compared to last week, reaching 0.03760. This activity on the Ethereum side has established 0.0400 as a significant resistance level. Investors are evaluating that ETH is demonstrating its robust structure seen in previous rallies.
ETH’s Ascent Signals Potential All-Time Highs
According to QCP Capital, ETH’s current surge raises the possibility of retesting the last all-time high of 4,868, representing a potential increase of 35.4% from current prices. The decrease in Bitcoin’s market dominance also supports this rise in ETH.
Market experts believe that ETH’s strong price movements indicate a capital rotation from BTC to ETH. They expect that the continued inflows into spot ETFs will help maintain the altcoin king’s strong upward trend while testing the last all-time high. This expected rise is anticipated to benefit not just ETH, but the entire altcoin market.
Currently, ETH is trading at $3,614, reflecting a 1.04% decrease in the last 24 hours.
