Analyst: It is recommended to switch from ETH to high beta AltCoin. If the market pumps, significant excess returns will be obtained.

ChainCatcher news, according to Cointelegraph, the ETH/BTC ratio has dropped to the lowest level since mid-2020. Economist and cryptocurrency trader Alex Kruger said: “If you still hold ETH, now may be a good time to switch to high beta altcoins. If the market falls, losses in both scenarios may be comparable, but if the market pumps, you may get significant excess returns, and then you can switch back to BTC.” Many encryption industry professionals see the ETH/BTC ratio ‘bottoming out’ as a signal that the AltCoin season may be starting. Benjamin Cowen, founder of Into The Cryptoverse, says that to usher in the AltCoin season, ‘ETH/BTC needs to bottom out and start an upward trend’. However, other indicators suggest that the Altcoin season may not be coming soon, and Bitcoin may continue to maintain market share in the short term. The Altcoin season index of CoinMarketCap shows a score of 13/100, leaning more towards the Bitcoin season. Trader Hansolar stated that this year will be the ‘Bitcoin season’ throughout. According to TradingView data, Bitcoin’s current market dominance is 62.15%, while Ethereum reached a historical high of $4,800 in November 2021, with Bitcoin’s market dominance at about 42%.