📉 23100424011 in the undervalued zone?
The ETH/BTC ratio has increased by 38% from its lowest level since January 2020, which may indicate a potential outperformance of ETH over BTC. 
According to CryptoQuant data, ETH has recently reached 'extreme undervaluation' relative to BTC, which historically preceded periods when ETH significantly outperformed BTC. 
Furthermore, the spot trading volume of ETH relative to BTC has risen to 0.89, the highest level since August 2024, indicating growing investor interest in ETH. 
The reduction in selling pressure on ETH, decreased inflows to exchanges, and increased interest in ETH ETFs also support a positive sentiment towards ETH.
These factors may suggest an approaching 'altseason', when altcoins, particularly ETH, show better dynamics compared to BTC.#Write2Earn
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