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.