ChainCatcher news, according to Cointelegraph, the ETH/BTC ratio has dropped to the lowest level since mid-2020. Economist and cryptocurrency trader Alex Kruger said: "If you still hold ETH, now may be a good time to switch to high beta altcoins. If the market falls, losses in both scenarios may be comparable, but if the market pumps, you may get significant excess returns, and then you can switch back to BTC."
Many encryption industry professionals see the ETH/BTC ratio "bottoming out" as a signal that the AltCoin season may be starting. Benjamin Cowen, founder of Into The Cryptoverse, said that to usher in the AltCoin season, "ETH/BTC needs to bottom out and start to pump.