以太坊獲得了針對比特幣的力量，暗示了可能的山寨幣復興

由於新數據表明，在長期表現不佳之後，市場動態可能正在發生變化。

Data from blockchain intelligence platform CryptoQuant reveals that Ethereum’s value relative to Bitcoin has surged by 38% in just a week.

區塊鏈智能平台加密的數據表明，僅一周內，以太坊相對於比特幣的價值增長了38％。

This sharp rally, which pushed the ETH/BTC ratio to its highest level in two months, could herald the start of a broader altcoin recovery.

這場急劇的集會將ETH/BTC比率提高到了兩個月之內的最高水平，可以預示著更廣泛的Altcoin恢復的開始。

The ETH/BTC ratio, a key metric for tracking the comparative strength of the two largest cryptocurrencies, recently hit its lowest point since early 2020.

ETH/BTC比率是跟踪兩種最大加密貨幣的比較強度的關鍵指標，最近達到了自2020年初以來的最低點。

However, traders say that similar lows have historically been followed by strong rebounds for Ethereum and other altcoins.

但是，交易者說，在歷史上，類似的低點之後是以太坊和其他山寨幣的強勁籃板。

CryptoQuant analysts note that this ratio entered a deep undervaluation zone not seen since 2019, a period that preceded previous market cycles where Ethereum sharply outperformed Bitcoin.

隱式分析師指出，該比率進入了自2019年以來未見的深度低估區，這是以前的市場週期之前以太坊急劇勝過比特幣的時期。

At the same time, there has been a noticeable uptick in Ethereum’s trading activity.

同時，以太坊的交易活動也引起了人們的明顯上升。

ETH spot volume has risen significantly compared to BTC, reaching its highest ratio since August 2024. At the same time, the volume of Ethereum sent to exchanges has dropped to a multi-year low, signaling a decline in selling pressure.

與BTC相比，ETH斑點量顯著增加，其比率達到了2024年8月以來的最高比率。與此同時，發送給交易所的以太坊量下降到多年低點，表明銷售壓力的下降。

These developments suggest that investors are accumulating and holding rather than exiting positions, typically a bullish signal.

這些事態發展表明，投資者正在積累和持有，而不是退出職位，通常是看漲的信號。

Meanwhile, inflows into Ethereum-focused ETFs have accelerated since late April, indicating growing institutional confidence in the second-largest cryptocurrency.

同時，自4月下旬以來，以以太為重點的ETF的流入已經加速，表明機構對第二大加密貨幣的信心越來越大。

Analysts attribute the renewed interest to recent improvements in Ethereum’s scalability with the Shanghai upgrade and a more favorable macroeconomic backdrop.

分析師將重新興趣的興趣歸因於以太坊的可伸縮性的最新提高上海昇級和更有利的宏觀經濟背景。

If these trends continue, the current market structure could pave the way for Ethereum—and altcoins more broadly—to regain momentum after months of trailing behind Bitcoin.

如果這些趨勢持續下去，當前的市場結構可能會為以太坊（以太坊（Eltcoins）和山寨幣（Altcoins）更廣泛地舖平道路，以恢復了幾個月的落後比特幣。