$ETH
ETH’s rally is fueled by record flows and BTC outperformance, but rising exchange inflows spark debate over momentum vs. consolidation.
Ethereum's price is down 3% to $4,600, despite a strong performance over the past month.
Market analysts warn of potential cooling in Ethereum's rally as profit-taking increases.
U.S. inflation data impacts market sentiment, affecting both cryptocurrency and traditional markets.
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As Hong Kong begins its trading day, ETH is changing hands above $4600, down 3% on-day.
As ETH is up nearly 16% in the last week, and 45% in the last month, this probably isn't a concern for most traders. After all, the ETH/BTC ratio has broken above its 365-day moving average, a signal that has historically marked extended periods of ETH outperformance, and spot ETF flows are reinforcing the move.