CryptoQuant: Ethereum May Have Bottomed Out, Altcoin Season Could Begin
PANews reported on May 17 that CryptoQuant tweeted that Ethereum might have bottomed out compared to Bitcoin. The ETH/BTC ratio has surged 38% from a five-year low. Demand is rising, selling pressure is decreasing, and ETFs are increasing their holdings. This could signal the start of altcoin season.
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.
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