BTC is up 110,000 US dollars, can ETH usher in an opportunity to make up for the rise

Over the past 24 hours, Bitcoin (BTC) has surged strongly by 3.7%, reclaiming the $110,000 mark and standing just one step away from the all-time high set in May. Meanwhile, Ethereum (ETH) has also risen by 3.8%, rebounding above $2,620, demonstrating strong correlation with Bitcoin.  

But the key question remains: as Bitcoin approaches its all-time high, is Ethereum's rally merely a passive follow-up, or is it brewing a more independent market trend?  

**Analyst: ETH to Reach $10,000 Within a Year**  

Renowned crypto market analyst DCinvestor boldly predicted on social media that ETH will reach $10,000 or higher within the next year.  

He believes the true driving force will no longer be retail investors' return, as they may have been "brainwashed" into holding prejudices against ETH's real value and unable to buy again. "Retail investors won't return to ETH—they've been completely brainwashed by psychological warfare into thinking it's worthless. But they'll be forced to watch ETH hit $10,000 because corporations, governments, and Wall Street are pouring trillions of dollars into this blockchain," DCinvestor said.  

He compared this phenomenon to Bitcoin's 2017 cycle, noting that ETH's development lags BTC by two cycles but is progressing methodically. He emphasized that the new wave of market buyers won't care about质疑 (doubts) or "worries" in the market, as they aren't even aware of the existence of these "old-school" critics.  

**Sustained Inflows into ETH ETFs: A Clear Signal of Institutional Interest**  

Data doesn't lie. The latest report from CoinShares shows that Ethereum-related investment products have led digital asset inflows for the second consecutive week since May 16, attracting $296.4 million in capital, bringing the seven-week total inflows to $1.5 billion.  

James Butterfill, Head of Research at CoinShares, wrote, "This is the strongest capital inflow since the U.S. election," adding that this figure now accounts for 10.5% of Ethereum's total assets under management.  

Marcin Kazmierczak, Co-founder and COO of Redstone, pointed out that ETH's upward momentum appears to be driven by multiple factors: institutional ETF flows indicating renewed interest in ETH products, and growing market expectations for Ethereum's roadmap upgrades.  

Meanwhile, the ETH/BTC market capitalization ratio has risen above 0.14, seen as a possible signal of a shift back toward "risk-on" altcoins and an early "sign" of a broader altcoin season.  

**Pectra Upgrade as a Catalyst**  

Although ETH's recent price action has been relatively "uneventful," its fundamentals remain strong. The market has high expectations for Ethereum's roadmap upgrades, with the Pectra upgrade completed last month (May 7) playing a significant role.  

Luke Nolan, Senior Ethereum Researcher at CoinShares, stated that while the Pectra upgrade didn't bring any single major change, it included multiple improvements to the Ethereum protocol, laying the foundation for future scaling—long a major bottleneck for Ethereum.  

One of the key features of the Pectra upgrade is expanding the Ethereum blockchain's ability to process "blobs" (temporary data storage units), helping retain more data at the consensus layer. Nolan believes that sometimes a small narrative is enough to drive positive sentiment.  

**Bullish Technical Trends**  

From a technical perspective on TradingView charts, Ethereum is also showing positive signals. As of writing, the price has rebounded strongly from its May low to around $2,665 and is firmly above the weekly pivot point (PP, approximately $2,400–$2,500).  

Below, the $2,483–$2,485 level forms immediate support, while the weekly pivot point and deeper Fibonacci support provide a solid foundation. Notably, the chart displays a potential "bullish flag" pattern, and a key "golden cross" has formed between the 50-day and 200-day moving averages—both strong bullish signals.  

ETH's sustained consolidation above $2,520 indicates short-term buying power dominance. Key resistance levels above lie at R1 (approximately $2,900–$3,000) and all-time highs, so bulls are expected to continue challenging higher resistance in the near term. However, investors should closely monitor trading volume and breakthroughs at key levels to confirm the sustainability of the uptrend.  

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