BTC surged to 122,000 today before retreating, currently stabilizing around 118,500, with short-term support still looking at 115,000. Behind this, in addition to ETFs continuously attracting funds, the news of the US 401(k) allowing crypto assets is also driving capital into the market, and the overall enthusiasm remains high.

ETH has directly broken the 4,300 USD mark, with ETF inflows even surpassing BTC, showing clear signs of capital rotation. If the ETH/BTC market cap ratio can return to a high point of 35%, reaching 6,000 USD at this pace is not a fantasy.

Right now, capital is looking for targets; if BTC holds, ETH can continue to play offensively.