According to PANews, the ETH/BTC ratio has been fluctuating within a narrow range since mid-May, indicating a waning interest in Ethereum and a general delay in the onset of the altcoin season. Analyst @CryptoFellaTx recently highlighted that the ETH/BTC chart is a crucial indicator for assessing the potential recovery of altcoins. Currently, the ratio hovers around 0.024, a level that marked the cycle bottom in 2019 and 2020, followed by a strong rebound in Ethereum. However, the analyst emphasized that a significant reversal for altcoins requires Ethereum to demonstrate a clear signal of strength.

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