以太坊获得了针对比特币的力量，暗示了可能的山寨币复兴

由于新数据表明，在长期表现不佳之后，市场动态可能正在发生变化。

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

区块链智能平台加密的数据表明，仅一周内，以太坊相对于比特币的价值增长了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.

这场急剧的集会将ETH/BTC比率提高到了两个月之内的最高水平，可以预示着更广泛的Altcoin恢复的开始。

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比率是跟踪两种最大加密货币的比较强度的关键指标，最近达到了自2020年初以来的最低点。

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

但是，交易者说，在历史上，类似的低点之后是以太坊和其他山寨币的强劲篮板。

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.

隐式分析师指出，该比率进入了自2019年以来未见的深度低估区，这是以前的市场周期之前以太坊急剧胜过比特币的时期。

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

同时，以太坊的交易活动也引起了人们的明显上升。

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.

与BTC相比，ETH斑点量显着增加，其比率达到了2024年8月以来的最高比率。与此同时，发送给交易所的以太坊量下降到多年低点，表明销售压力的下降。

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

这些事态发展表明，投资者正在积累和持有，而不是退出职位，通常是看涨的信号。

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

同时，自4月下旬以来，以以太为重点的ETF的流入已经加速，表明机构对第二大加密货币的信心越来越大。

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

分析师将重新兴趣的兴趣归因于以太坊的可伸缩性的最新提高上海升级和更有利的宏观经济背景。

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.

如果这些趋势持续下去，当前的市场结构可能会为以太坊（以太坊（Eltcoins）和山寨币（Altcoins）更广泛地铺平道路，以恢复了几个月的落后比特币。