- Ethereum potentially bottoms out against Bitcoin, showing signs of recovery.
- ETH/BTC ratio increased by 38% from a five-year low.
- Institutional investors show rising interest in Ethereum ETFs.
Ethereum, according to recent data from CryptoQuant, may have hit a low against Bitcoin as of May 17, 2025, potentially initiating a new altcoin season in the crypto market.
The potential bottoming of Ethereum relative to Bitcoin could mark a shift in the cryptocurrency market, leading to increased altcoin activity and interest.
Recent analysis from CryptoQuant suggests Ethereum has reached a low against Bitcoin, as indicated by a 38% increase in the ETH/BTC ratio from a five-year low. Rising demand for Ethereum is accompanied by declining selling pressure, partly due to increasing ETF holdings.
“Demand for Ethereum is rising while selling pressure is declining, and ETFs are increasing their Ethereum holdings.” – CryptoQuant Team, On-Chain Analytics Firm, CryptoQuant
Key players involved include CryptoQuant, which released findings highlighting a potential market dynamic shift favoring Ethereum. Institutional investors are notably increasing their capital allocations to Ethereum through ETFs, potentially signaling a change in strategy.
Immediate effects on the crypto market include a potential rally in altcoins as Ethereum shows signs of recovery against Bitcoin. Bitcoin is currently down 1.13%, while the ETH/BTC volume ratio has spiked.
The broader implications may include renewed investor confidence in Ethereum and a shift toward altcoin investments. CryptoQuant identifies similarities to historical patterns from 2017 to 2019, which preceded strong Ethereum recoveries.
Data indicates that institutional preference for Ethereum is growing, with added implications for market dynamics. Analysts anticipate financial outcomes include increased investment inflows into Ethereum and potentially higher price rallies, triggering an altcoin season once more.
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