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Has ETH/BTC Bottomed and Who Leads From Here?
CryptoQuant Head of Research Julio Moreno explained five metrics he uses to decide whether Ethereum has bottomed against Bitcoin, suggesting the pair may be at a valuation turning point.
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What happened
CryptoQuant Head of Research Julio Moreno explained five metrics he uses to decide whether Ethereum has bottomed against Bitcoin, suggesting the pair may be at a valuation turning point.
Confirmed
Global impact / market context
A confirmed bottom for Ethereum could draw new buyers, increase confidence in altcoins, and shift capital from Bitcoin to other crypto projects, changing how investors allocate funds.
Analyst inference
Analysts are watching the ETH/BTC ratio because its direction signals whether the broader crypto market is moving from a downtrend to a recovery, affecting capital flows across digital assets.
Analyst inference
What to watch
- Changes in the five key metrics Julio highlighted—such as on‑chain activity (the amount of transactions recorded on the blockchain) or exchange flows—could indicate further moves in ETH/BTC. Analyst inference
- If the on‑chain activity metric rises, it may show more ETH being transferred to wallets, suggesting buying pressure that could push ETH/BTC higher. Analyst inference
- Shifts in Bitcoin’s price driven by macro‑economic news could alter the ETH/BTC relationship, affecting how investors compare the two assets. Analyst inference
Affected assets
- BTC — Bitcoin
- ETH — Ethereum