Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant

60-second summary

Ethereum is nearing a potential market bottom against Bitcoin, according to CryptoQuant, with ether trading below its realized price, indicating undervaluation. Onchain indicators show easing selling pressure and recovering demand, suggesting a possible reversal. However, a definitive cycle bottom has yet to emerge, leaving investors uncertain about the next market move, which may impact the overall crypto market sentiment.