Ether (ETH) surpasses Bitcoin (BTC) in price action and ETF flows this week, with spot ETH ETFs receiving $360 million in inflows compared to BTC’s $120 million. Retail investors accumulate Ether, but a pullback may still occur. ETH’s net unrealized profit/loss (NUPL) stands at 0.22, suggesting a balanced market.

Recent data shows a behavioral shift in Ether markets, with retail buyers stepping in aggressively when ETH dropped below $2,700. This could lead to a final liquidity revisit before a stronger rally. NUPL remains above 0.20, indicating strong holder sentiment and reducing selling pressure.

Ether shows a cleaner high-time-frame setup than Bitcoin, with a break of structure confirmed above $3,200. The ETH/BTC daily chart strengthens this advantage, with ETH reclaiming the 200-day SMA. If BTC stabilizes above $94,000, ETH could extend its uptrend to $3,650 and potentially $3,900.

In summary, Ether’s outperformance of Bitcoin in price action and ETF flows, along with strong holder sentiment and technical setups, positions ETH for potential further gains if BTC stabilizes. Retail accumulation and a balanced market suggest a controlled pullback before a possible rally.

Read more at Cointelegraph: ETH Has a Leg-up on BTC if Momentum Flips Bullish