<ul><li>Ethereum is showing relative strength amid a decline, boosted by increasing demand for ETH options and anticipation around the Pectra upgrade.</li><li>Bitcoin dominance has fallen below 63%, indicating a capital shift towards altcoins, with Ethereum expected to benefit the most in the near future.</li><li>Market volatility is decreasing, with Bitcoin's short-term implied volatility dropping and the CBOE Volatility Index (VIX) falling to 18, reflecting growing investor confidence.</li><li>QCP believes that the combination of ETH's strength, rising options interest, and the successful Pectra upgrade positions Ethereum to become a core asset in the upcoming market cycle.</li></ul>

Ethereum Gains Ground as Bitcoin Consolidates, QCP Report Shows

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