Ethereum has reached its highest level in three months against Bitcoin, with the ETH/BTC pair closing at 0.0289, its highest weekly close in twelve weeks. The total crypto market has absorbed approximately $57.39 billion in inflows since the July 24 low, fueling Ethereum’s recent outperformance. Analysts are targeting around $2,464 in the near term, with long-term forecasts ranging between $12,000 and $17,000 if key support holds. The Puell Multiple has climbed out of undervaluation territory, signaling a gradual return of capital into the market.
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