Analysis: Ethereum-Bitcoin price ratio rebounds, overall recovery in the cryptocurrency market
According to market news, the Ethereum to Bitcoin price ratio (ETH/BTC) has rebounded to 0.0313, reaching a three-month high, indicating an overall recovery in the cryptocurrency market.
The number of new users on the Ethereum network has increased by 82% year-on-year, reaching 284,000, and the trading volume has risen to 200.4 million transactions. The supply of stablecoins has surpassed $180 billion, accounting for about 60% of the global market. Analysts point out that if the ETH/BTC ratio closes above 0.035 on a weekly basis, it will indicate a continued inflow of funds into Ethereum and high-risk assets. Currently, the ETH price is still down over 50% from its 52-week high. Bitcoin's price remains above $74,000, and the total inflow into U.S. spot Bitcoin ETFs has exceeded $56 billion, providing long-term support for the market.
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