Crypto markets are suffering, and investors may be turning from Bitcoin to Ethereum

Ethereum (ETH) is showing significant signs of recovery in the current cryptocurrency market cycle.

Although it initially lagged behind BTC in terms of earnings and there were no clear catalysts, recent events indicate a shift in market sentiment in favor of ETH.

Since the partial approval of the long-awaited ETF for Ethereum, the price of the altcoin has fallen just 8% to $3,387 as of June 25. On the other hand, however, Bitcoin has lost nearly 10% to $61,950 at the time of writing.

According to crypto analyst “Flow” Ethereum ( ETH ) has rebounded strongly against Bitcoin (BTC) from multi-year lows after a prolonged downtrend.

Flow statements :

Since the start of this bull market, ETH has seemed to lag behind. Slower price action, no clear catalyst and no strong reaction when the rest of the market was rising.

But lately it seems that we have witnessed a change…

Is it finally ETH's time to shine?

Since the 3-month low that occurred almost simultaneously for BTC and ETH… Ethereum has outperformed BTC by ~9 percentage points. Even if this is largely due to the unexpected change in the SEC's stance on spot ETF ETH, the message is clear: ETH is far from dead and could be full of surprises.

If ETH maintains this upward momentum and breaks out of the historical downtrend against BTC, it could attract even more attention from large investors, potentially driving Ethereum's price up further.

Ethereum ETF Impact

Ethereum's recent upward momentum was supported by the potential launch of the ETH ETF, which expects in early July. It is believed that this development could increase the appeal of Ethereum among institutional investors, potentially attracting significant capital. Interestingly, German investors show more confidence in Ethereum compared to Bitcoin.

Despite the positive outlook, analysts remain cautious about the excitement around the ETH ETF, citing its weak performance in Hong Kong compared to the spot Bitcoin ETF.