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The ETH/BTC ratio remains low. Analysts point out that the recovery of alts requires waiting for strong signals from Ethereum.
[Chain News] PANews June 19 news, since mid-May, the ETH/BTC ratio has been fluctuating within a narrow range, reflecting a decrease in investor interest in Ether and a general delay in the start of the alts season. Analysts have recently pointed out that the ETH/BTC chart is a key indicator for assessing whether alts can recover. Currently, the ratio hovers around 0.024, which was a cycle bottom in 2019 and 2020, after which Ether experienced a strong rebound. However, analysts emphasize that for alts to see a significant flippening, Ethereum needs to show clear strong signals.