Why is Ethereum (CRYPTO:ETH) nearing a key level against Bitcoin (CRYPTO:BTC)?

CryptoQuant said the ETH/BTC ratio is close to a level that has marked market bottoms in previous cycles.

What is the ETH/BTC ratio?

The ETH/BTC ratio compares the price of Ethereum (CRYPTO:ETH) with Bitcoin (CRYPTO:BTC) and helps traders measure relative performance.

Why do traders watch the ETH/BTC ratio?

Traders use the ETH/BTC ratio to assess whether Ethereum (CRYPTO:ETH) is gaining or losing strength against Bitcoin (CRYPTO:BTC).

What did CryptoQuant say about Ethereum (CRYPTO:ETH)?

CryptoQuant said Ethereum (CRYPTO:ETH) is near a key support level, but more confirmation is needed before calling a market bottom.

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Ethereum nears key level against Bitcoin

Written by Liezl GambePublished Jul 24, 2026, 4:23 AM

Ethereum (CRYPTO:ETH) is approaching a long-term support level against Bitcoin (CRYPTO:BTC), according to CryptoQuant.
CryptoQuant said several market indicators have yet to confirm that Ethereum has reached a bottom.
The firm said investors should wait for stronger signals before calling a market reversal.

Ethereum (CRYPTO:ETH) is trading near a key level against Bitcoin (CRYPTO:BTC), according to market data analysed by CryptoQuant.

CryptoQuant said the ETH/BTC ratio is close to levels that have marked market bottoms in previous cycles.

CryptoQuant said key on-chain indicators have not yet confirmed that Ethereum has reached a market bottom.

The firm said investors should wait for more signals before expecting a lasting recovery, while Ethereum prices continued to track the broader crypto market.

Traders often use the ETH/BTC ratio and on-chain data to compare Ethereum's performance with Bitcoin and identify market trends.

At the time of reporting, Ethereum price was $1,878.94.