Bitcoin surged past $78,000 and Ethereum broke above $2,500 amid market optimism. Large whale traders rotated $45.83M from Bitcoin into Ethereum over three days, signaling institutional confidence in ETH despite recent market volatility.
Ethereum and cryptocurrency markets are trading sideways amid macroeconomic headwinds including high inflation data and an 87% probability of a rate hike. Bitcoin is at $75,500 and ETH at $2,350, with discussions on X focusing on market support levels, Ethereum's institutional adoption despite being 50% below all-time highs, and potential capital rotation into altcoins.