The worth of Ethereum (ETH) continued to impress over the previous week, briefly touching the $2,700 stage (for the primary time in practically three months) on Tuesday, May 13. While the altcoin has considerably slowed down initially of this weekend, the market confidence continues to tilt towards the continued recovery of the ETH worth.
Specifically, the worth of Ethereum is being tipped to take a step additional in its restoration by outperforming Bitcoin (the world’s largest cryptocurrency by market capitalization) over the subsequent few months. This overwhelming potential of the “king of altcoins” overtaking BTC begs the query: Is the altseason on the horizon?
ETH Sees Increased Investor Demand And Reduced Selling Pressure
In its newest weekly report, market analytics platform CryptoQuant revealed that the worth of Ethereum relative to Bitcoin might have hit its backside, suggesting that the previous is likely to be making ready to outperform BTC. According to CryptoQuant, this growth might mark the start of the altseason — a interval the place capital rotates from Bitcoin into different crypto property.
Data offered by CryptoQuant reveals that the ETH/BTC worth ratio has skilled a 38% enhance prior to now week. This constructive rally got here after the ratio fell to its lowest since January 2020, marking a historic relative backside for ETH and springboard for the altcoin season.
Furthermore, CryptoQuant highlighted that Ethereum not too long ago entered an extreme undervaluation region, based mostly on the ETH/BTC MVRV (market worth to realized worth) metric, for the primary time since 2019. When this occurred in 2017, 2018, and 2019, ETH went on to outperform BTC by a big margin.
Source: CryptoQuant
CryptoQuant additionally talked about that Ethereum’s doable backside once more Bitcoin is additional accentuated by the upper demand and lowered promoting strain for ETH in comparison with BTC. For occasion, the relative ratio of ETH’s spot buying and selling quantity to Bitcoin jumped to 0.89 — its highest worth since August 2024 — prior to now week, displaying the bigger propensity of buyers to purchase ETH as a substitute of Bitcoin.
Meanwhile, buyers are additionally favoring Ethereum by exchange-traded funds (ETFs) purchases, with the ETF holdings ratio growing sharply since late April. This progress spike suggests an elevated buy of ETH by ETFs relative to Bitcoin — influenced by progress catalysts resembling latest community upgrades and bettering macro surroundings.
Finally, trade influx information demonstrates the dwindling promote strain on Ethereum in comparison with Bitcoin. CryptoQuant famous that, as of May 2025, the ETH exchange inflow ratio has dropped to its lowest stage since 2020, suggesting the altcoin is going through considerably decrease promoting strain than BTC.
Ethereum Price At A Glance
As of this writing, the worth of ETH sits simply beneath $2,500, reflecting an over 3% decline prior to now 24 hours.
The worth of ETH on the each day timeframe | Source: ETHUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
Editorial Process for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our workforce of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
