Analysts at #CryptoRank are spotting early signals that the ETH/BTC ratio might be turning a corner — potentially marking the beginning of a new altcoin cycle.
According to #CryptoQuant , Ethereum may have found its bottom against Bitcoin. Over the past week, the ETH/BTC ratio has surged by 38%, bouncing back from its lowest point since January 2020.
Here are the key signals that have analysts leaning bullish:
• Extreme Undervaluation (MVRV): Ethereum has entered a zone of deep undervaluation based on its MVRV ratio — a level not seen since 2019. In previous cycles (2017, 2018, and 2019), similar setups were followed by ETH strongly outperforming BTC.
• Rising Spot Volume Share: ETH’s spot trading volume relative to BTC has hit 0.89 — the highest since August 2024. This suggests that interest in ETH is climbing fast among both retail and institutional participants.
• ETF Inflows Growing: Since late April, Ethereum’s share in ETF portfolios has been steadily increasing. This reflects renewed investor confidence, driven by improving macro conditions and anticipation of upcoming tech upgrades.
• Seller Pressure is Easing: Exchange flow data shows that $ETH available supply for selling (in $BTC pairs) is at its lowest level since 2020 — another sign of reduced downside pressure.
Bottom Line: Rising demand, weakening sell pressure, and growing institutional interest are all aligning. If this trend holds, it could be the opening chapter of a broader altcoin rally.
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