Interest in the crypto market is gradually transitioning from Bitcoin to Ethereum, although many investors remain unaware due to lingering fears from previous downturns, according to crypto analyst Michaël van de Poppe. He noted that the market is evolving, with Ethereum gaining traction as macroeconomic conditions shift, particularly with a weakening dollar. Currently, Ether has risen 71% since its April low of $1,472, yet it remains 48% below its all-time high of $4,878. The ETH/BTC ratio has seen a slight increase, but it is still down significantly over the past six months. Analysts emphasize the need for Ethereum to demonstrate stronger performance to trigger a broader altcoin season. Despite recent inflows into Ether ETFs, the market is still largely dominated by Bitcoin, as indicated by the Altcoin Season Index. Van de Poppe asserts that for a true altcoin season to emerge, Ethereum must show sustained strength and performance. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC #ETF #ETH