ETH/BTC ratio stagnates, delaying altcoin season, says analyst

The ETH/BTC ratio, a key indicator of Ethereum’s strength relative to Bitcoin, has traded in a narrow range since mid-May, reflecting weak investor interest in ETH and a broader delay in the start of altcoin season, according to BeInCrypto. In a recent post on X, analyst Crypto Fella highlighted the ETH/BTC chart as a critical signal for those anticipating an altcoin resurgence. The pair is hovering near the 0.024 level, which marked previous cycle bottoms in 2019 and 2020 before strong ETH rebounds. However, the analyst noted that a clear show of strength is needed before a major reversal can occur.