CryptoQuant: ETH Valuation Compared to BTC Hits Lowest Since 2019
CryptoQuant stated on social media that the current valuation of ETH compared to BTC has fallen to its lowest level since 2019. Historical data shows that this situation usually leads to ETH outperforming BTC. However, in the current market, ETH faces issues such as 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
Spot gold falls below $3,320, down 0.38% on the day
Zuckerberg Plans to Restructure Meta's AI Operations Again
Bloomberg: Financial Industry Calls for Comprehensive Reform of Global Cryptocurrency Regulatory Rules for Banks
Data: Jeffrey Huang’s Long Positions Suffer Over $10 Million in Unrealized Losses
Trending news
MoreCrypto prices
More
