A shift in market dynamics may be underway, as new data suggests Ethereum is beginning to outpace Bitcoin after a prolonged period of underperformance.
Blockchain intelligence platform CryptoQuant reports that Ethereum’s value relative to Bitcoin has surged by 38% in just a week—potentially marking the start of a broader altcoin rally.
The ETH/BTC ratio, a key metric for tracking the comparative strength of the two largest cryptocurrencies, had recently hit its lowest point since early 2020. Historically, similar lows have preceded strong rebounds for Ethereum and other altcoins. CryptoQuant analysts note that this metric entered a deep undervaluation zone not seen since 2019—preceding previous market cycles where Ethereum sharply outperformed Bitcoin.
Supporting this trend is a noticeable uptick in Ethereum’s trading activity. ETH spot volume has risen significantly compared to BTC, reaching its highest ratio since August 2024. At the same time, the volume of Ethereum sent to exchanges has dropped to a multi-year low, signaling a decline in selling pressure. These developments suggest that investors are holding rather than exiting positions—typically a bullish signal.
Meanwhile, inflows into Ethereum-focused ETFs have accelerated since late April, indicating growing institutional confidence. Analysts attribute the renewed interest to recent improvements in Ethereum’s scalability and a more favorable macroeconomic backdrop.
If these trends continue, the current market structure could pave the way for Ethereum—and altcoins more broadly—to regain momentum after months of trailing behind Bitcoin.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/ethereum-gains-strength-against-bitcoin-hints-at-possible-altcoin-revival/