CryptoQuant: ETH's valuation relative to BTC hits new low since 2019
CryptoQuant stated on social media that the current valuation of ETH compared to BTC has dropped to its lowest level since 2019. Historical data shows that this situation typically leads to ETH outperforming BTC. However, ETH in the current market faces supply pressure, weak demand, and lackluster on-chain activity, which may hinder its price rebound process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decoding the Wall Street Boost in Bitcoin: A Guide to ETF Inflows and Macro Threats
Unpacking the Influence of Wall Street: An In-depth Look at Bitcoin's Latest Surge Amid ETF Influx and Macro Economic Instabilities
XRP Futures Launch on CME Impacts Market
DefaiCon Istanbul to Highlight DeFi and AI Innovations
TRUMP Token Gala Sees Price Drop After Dinner
Trending news
MoreCrypto prices
More
