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ETH / BTC may have hit a bottom rebound? Multiple data points indicate a rise in Ethereum demand.
According to recent observations and analyses by CryptoQuant, Ethereum (ETH) may have bottomed out relative to Bitcoin (BTC), as the ETH/BTC ratio has surged by 38% from a five-year low. This increase in the ratio reflects growing investor demand for Ethereum, while selling pressure is weakening.
It is worth noting that since April, the inflow of ETF funds has surged sharply, a trend that may indicate that fund managers are increasing their allocation to Ether in response to potential market positives. At the same time, the recent Pectra expansion upgrade of Ethereum and the favorable macroeconomic environment for Ethereum have also played a relevant role.
At the same time, according to another chart data analysis from CryptoQuant, the ETH/BTC exchange trading volume ratio has dropped to its lowest point since 2020, and there are signs of a weekly reversal.
In addition, based on the weekly trading volume and price comparison between Bitcoin and Ethereum, Ethereum is surpassing Bitcoin in both trading volume and price performance, which may indicate that the market enthusiasm for Ethereum is on the rise, and investors' interest and confidence in Ethereum are increasing.
Conclusion:
In summary, multiple data indicators from CryptoQuant point to a trend of rising demand for Ethereum and weakening selling pressure.
At the same time, the rebound in the ETH/BTC ratio, the increase in ETF fund inflows, the decrease in exchange inflows, and Ethereum's performance in trading volume and price catching up to Bitcoin, all these phenomena seem to indicate a rising market heat for Ethereum and enhanced investor confidence.
Therefore, if historical patterns can repeat themselves, Ethereum is expected to regain some market share and lead the altcoin market into a new rise cycle.
What do you think about the view that ETH/BTC has already bottomed? Are there any other indicators or data to support this view? Leave your thoughts and analysis in the comments!
#以太坊触底 #ETH/BTC #CryptoQuant analysis