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ETH Dips I...
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ETH Dips Into Undervaluation Zone, Is Altseason Around the Corner?

  • Ethereum's price metrics indicate that the long-awaited altseason may be approaching, with ETH showing signs of potential outperformance against BTC.
  • The ETH/BTC price ratio has surged 38% in the last week, hitting a level historically associated with ETH price bottoms preceding altseasons.
  • Ether's recent uptrend is supported by an increase in spot trading volume relative to BTC, higher ETH allocations in ETFs, and lower sell pressure compared to BTC.
  • Market analytics firm CryptoQuant suggests that the recent dip of ETH into an undervalued zone compared to BTC could lead to a broader altcoin rally in the near future.

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