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Ethereum has outperformed Bitcoin this week amid improved risk appetite driven by softer-than-expected US inflation data. While both cryptocurrencies saw gains following June's CPI surprise, Ethereum surged approximately 7% over five days compared to Bitcoin's more modest rebound. The divergence highlights Ethereum's stronger position in the current market environment, potentially signaling a shift in investor sentiment toward altcoins. This performance could indicate broader crypto market recovery if sustained, as traders reassess risk assets amid evolving macroeconomic conditions. Key factors to monitor include upcoming US Federal Reserve decisions and regulatory developments in major markets like the EU and US.