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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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A first since 2019 on Ethereum: "A big move may be coming"
The on-chain analytics platform CryptoQuant stated in its recent post via X account that Ethereum is trading at "extremely undervalued" levels against Bitcoin for the first time since 2019.
CryptoQuant analysts reminded that historically such levels have laid the groundwork for strong price movements in favor of Ethereum. According to the platform's assessment, this situation has generally resulted in Ethereum performing better against Bitcoin in the past.
However, despite this possibility, analysts also pointed out that market dynamics remain weak. In particular:
The high level of selling pressure, The weak trend of demand and no significant increase in on-chain activities,
ETH may be hindered from achieving the expected recovery in the short term.
At the time the ETH news was written, it is finding buyers at a level of $1,978 with a daily increase of over 8%.
Published: May 8, 2025 17:25