Crypto De Nostradame
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Bullish
Very Important Signal for Altcoin Rally!
According to CryptoQuant data, Ethereum’s price ratio against #Bitcoin has increased by 38% in the last week.
This ratio has recovered from the lowest levels seen since January 2020. In other words, #Ethereum may be breaking out of historical lows.
In particular, the ETH/BTC MVRV metric has fallen to such low levels for the first time since 2019.
Historical data shows that such declines coincide with periods when Ethereum made a serious rally against $BTC
Not only the price charts but also the on-chain data are giving positive signals for Ethereum.
The ratio of ETH’s spot trading volume to BTC has increased rapidly since last week, reaching 0.89. This ratio is the highest level since August 2024.
In addition, the decrease in the amount of $ETH sent to exchanges suggests that selling pressure is also decreasing.
CryptoQuant states that this metric is currently at its lowest level since 2020. This shows that investors prefer to hold their Ethereum rather than sell it on exchanges.
Investor interest is not just on the retail side.
Institutional demand for Ethereum-based ETFs has increased since the end of April.
Analysts attribute this rise to both Ethereum’s new updates and macroeconomic improvements.
CryptoQuant’s comment is clear:
“This bottom in Ethereum against Bitcoin has historically created serious opportunities. And a similar structure may be forming right now.”
Despite Bitcoin’s long-standing market leadership, Ethereum’s strength in on-chain metrics suggests a new era may be beginning for ETH.
With the combination of reduced selling pressure, increased ETF demand, and rising spot volumes, Ethereum is poised to re-emerge against Bitcoin.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
#EthereumSecurityInitiative #MastercardStablecoinCards #BinancePizza
According to CryptoQuant data, Ethereum’s price ratio against #Bitcoin has increased by 38% in the last week.
This ratio has recovered from the lowest levels seen since January 2020. In other words, #Ethereum may be breaking out of historical lows.
In particular, the ETH/BTC MVRV metric has fallen to such low levels for the first time since 2019.
Historical data shows that such declines coincide with periods when Ethereum made a serious rally against $BTC
Not only the price charts but also the on-chain data are giving positive signals for Ethereum.
The ratio of ETH’s spot trading volume to BTC has increased rapidly since last week, reaching 0.89. This ratio is the highest level since August 2024.
In addition, the decrease in the amount of $ETH sent to exchanges suggests that selling pressure is also decreasing.
CryptoQuant states that this metric is currently at its lowest level since 2020. This shows that investors prefer to hold their Ethereum rather than sell it on exchanges.
Investor interest is not just on the retail side.
Institutional demand for Ethereum-based ETFs has increased since the end of April.
Analysts attribute this rise to both Ethereum’s new updates and macroeconomic improvements.
CryptoQuant’s comment is clear:
“This bottom in Ethereum against Bitcoin has historically created serious opportunities. And a similar structure may be forming right now.”
Despite Bitcoin’s long-standing market leadership, Ethereum’s strength in on-chain metrics suggests a new era may be beginning for ETH.
With the combination of reduced selling pressure, increased ETF demand, and rising spot volumes, Ethereum is poised to re-emerge against Bitcoin.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
#EthereumSecurityInitiative #MastercardStablecoinCards #BinancePizza
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,509.2
+0.70%