Over the past two weeks, Ethereum (ETH) has strongly outperformed Bitcoin (BTC). Both capital flows and price structure indicate that market sentiment is clearly shifting in favor of ETH. The latest data shows that spot Ethereum ETFs recorded a net inflow of $360 million during the same period, while Bitcoin ETFs saw only $120 million—a threefold difference that highlights investors’ growing preference for the Ethereum ecosystem.
In terms of price performance, ETH recently broke through the key resistance level of $3,200, completing a daily structural reversal, which means the trend has entered a new upward phase. Meanwhile, BTC still needs to break above $96,000 to confirm a breakout, giving ETH an advantage in terms of structural trend.
Retail investors have also become a key driving force behind the market movement. Market data shows that when ETH briefly fell below $2,700 on November 21, retail investors bought heavily, causing a significant change in the average spot order size indicator and supporting the subsequent rally.
Technical indicators are also showing positive signals. The ETH/BTC ratio successfully broke out of a 30-day consolidation range and has steadily retested the 200-day moving average, with this trend remaining strong since July. Additionally, Ethereum’s Net Unrealized Profit and Loss (NUPL) remains around 0.22, indicating that investors are mildly profitable and have not entered a panic zone.
Tom Lee, Chairman of Bitmine Immersion Technologies, stated at Blockchain Week that the market “may have already bottomed out” and predicted a bigger breakout for ETH/BTC. He believes Ethereum may continue to expand its relative strength. If BTC holds above $94,000, ETH is expected to retest the $3,650 high; if momentum continues, the next target could be $3,900, representing nearly 20% upside from the current price.
From a macro perspective, Tom Lee expects BTC to reach $300,000 by the end of 2026, providing a long-term bullish outlook for the entire crypto market.
As of the morning of December 4, Bitcoin was trading at $93,000, while Ethereum rose 4.5% in 24 hours, leading mainstream assets, and the ETH/BTC ratio climbed to 0.034. Overall, Ethereum is demonstrating strong advantages in terms of capital flow, technicals, and market sentiment, reinforcing the current trend of “ETH outperforming BTC.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
盈透證券 Interactive Brokers 開放「加密貨幣轉帳」功能，允許用戶一站式管理股票與比特幣
盈透證券（Interactive Brokers，IBKR）宣布支援加密貨幣投資組合的入金轉帳功能，客戶可將比特幣、以太坊等資產從外部錢包直接轉入IBKR，實現統一管理。此功能旨在提升投資者的資產整合效率，並降低交易成本，顯示出加密貨幣已成為傳統投資組合的重要一環。
動區BlockTempoJust Now
Bitcoin and Ethereum ETFs See Significant Outflows While Solana ETFs Record Inflows on March 25
Gate News bot message, according to the March 25 update, Bitcoin ETFs recorded a 1-day net outflow of 1,565 BTC ($111.64M) and a 7-day net outflow of 2,966 BTC ($211.6M). Ethereum ETFs showed a 1-day net outflow of 14,551 ETH ($31.69M) and a 7-day net outflow of 125,873 ETH ($274.15M). In contrast,
GateNews1m ago
ETH SuperTrend Turns Green but $2,400 Stays Unbroken
_Ethereum’s daily SuperTrend flipped bullish for the first time since May 2024, but $2,400 resistance keeps blocking any real breakout attempt. Is ETH ready?_
Ethereum ran into a wall. Again. After weeks of grinding between $1,750 and $2,150, ETH finally broke above the range ceiling, pushed into t
LiveBTCNews14m ago
A whale address opened 10x leveraged long positions in ETH and HYPE over the past 4 hours, with positions valued at over $30 million.
Gate News Report: On March 25, according to Onchain Lens monitoring, over the past 4 hours, a certain whale address opened 10x leverage long positions in ETH and HYPE, with current positions valued at over $30 million.
GateNews1h ago
