The price of Ether Lee (ETH) continued to make a deep impression last week and briefly reached $ 2,700 on Tuesday, May 13. Altcoin has been slightly slow at the beginning of this weekend, but the market trust continues to repair the ETH price.
In particular, Ether Leeum’s price can be further developed by surpassing Bitcoin (the world’s largest cryptocurrency with a market cap) over the next few months. This overwhelming potential of the “King of Altcoin”, which overtakes BTC, raises questions.
ENT is seeing an increase in demand for investors and a decrease in sales pressure.
In the latest weekly report, Market Analytics Platform Cryptoquant suggests that the price of Etherrium may have touched the floor compared to Bitcoin, which suggests that the electron is preparing to surpass the BTC. According to Cryptoquant, this development can indicate the beginning of Altseason, the period where capital rotates from Bitcoin to another encryption asset.
According to the data provided by Cryptoquant, the ETH/BTC price ratio increased 38% last week. This positive rally has been held since the lowest rate since January 2020, and has shown the historical floor of ETH and Springboard in the Altcoin season.
Cryptoquant also emphasized that Ethereum has entered extremely excessive evaluation areas based on ETH/BTC MVRV indicators for the first time since 2019. In 2017, 2018 and 2019, ETH surpassed BTC with significant margins.
Source: CryptoQuant
Cryptoquant also mentioned that the possible floor of Ethereum was further emphasized by reducing sales pressure on ETH compared to BTC. For example, ETH’s spot trading volume and the relative ratio of Bitcoin and Bitcoin have increased the highest value since August 2024 last week, and more investors to buy ETH instead of Bitcoin.
Investors, on the other hand, also prefer Etherrium through the purchase of ETF (Exchange Traded Fund), and the rate of ETF has increased rapidly since the end of April. This growth spike suggests an increase in ETF purchases through ETFs compared to Bitcoin. It is affected by growth catalysts such as the recent network upgrade and macro environment improvement.
Finally, Exchange inflow data shows that the decrease in Etherrium is reduced compared to Bitcoin. Cryptoquant suggests that as of May 2025, the ETH exchange rate has fallen to the lowest level since 2020, and Altcoin is significantly lower than BTC.
At a glance, Etherrium price
At the time of this article, ETH’s price is only $ 2,500 and reflects a decrease of more than 3%over the last 24 hours.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock’s main image, TradingView chart
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