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BTC reclaimed the critical 95,000 level last night after PCE price index came in as expected.

ETH was the main outperformer yesterday as it rallied 11.65% to a high of 3,688. This is aligned with our thesis of capital rotation from BTC to ETH, as shared on Monday.

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.

ETH spot ETFs continue to record strong net inflows, totaling $90.1 million yesterday and marking a 4-day winning streak. These healthy inflows highlight the market’s growing optimism despite this week’s retracement.

Given that ETH has lagged behind BTC and SOL in the current rally, its recent strength supports the case for it to retest its all-time high of 4,868 (+35.4%).