Altcoin Season May Be Imminent: CryptoQuant Signals Ethereum’s Potential Rise

Crypto analytics firm CryptoQuant suggests that Ethereum could be poised for a significant price rally, potentially marking the start of an altcoin bull run. Their analysis highlights a crucial indicator: the ETH/BTC price ratio has climbed 38% in the past week, recovering from its lowest point since early 2020. This historically signifies lower prices for Ethereum compared to Bitcoin, and suggests a potential trend reversal where altcoins outperform Bitcoin.