Ethereum (ETH) prices have been briefly touching on the $2,700 level (for the first time in almost three months) on Tuesday, May 13th, and market confidence continues to slop towards a continuous recovery in ETH prices while Altcoin slows slightly at the start of this weekend.
Specifically, Ethereum prices are one step further in recovery by surpassing Bitcoin (the world’s largest cryptocurrency by market capitalization) over the coming months. Is this overwhelming possibility of “King of Altcoins” overtaking BTC, Altseason on the Horizon?
ETH sees increased investor demand and lower sales pressure
In its latest weekly report, market analytics platform Cryptoquant reveals that Ethereum prices against Bitcoin may have hit the bottom, suggesting that the former may be preparing to surpass BTC. According to Cryptoquant, this development could mark the beginning of AltSeason. This is the period during which capital is rotated from Bitcoin to other crypto assets.
Data provided by Cryptoquant shows that the ETH/BTC price ratio has increased by 38% over the past week. This positive rally came after the ratio fell to its lowest since January 2020.
Additionally, Cryptoquant highlighted that Ethereum has recently entered an extreme undervaluation area based on ETH/BTC MVRV (market value to realised value) metrics for the first time since 2019.
Source: CryptoQuant
Cryptoquant also said that potential bottoms for Ethereum once again Bitcoin is further highlighted by higher demand and lower sales pressures for ETH compared to BTC. For example, the relative ratio of ETH’s spot trading volume to Bitcoin jumped to 0.89 in the past week (highest since August 2024), indicating a greater tendency for investors to buy ETH instead of Bitcoin.
Meanwhile, investors are supporting Ethereum through the purchase of Exchange-Traded Funds (ETFS) as ETF holdings have been rising sharply since late April. This growth spike suggests an increase in ETH purchases via ETF compared to Bitcoin. This is affected by growth catalysts such as recent network upgrades and macro environment improvements.
Finally, exchange inflow data shows a decrease in sales pressure on Ethereum compared to Bitcoin. Cryptoquant has fallen to its lowest level since 2020 as of May 2025, suggesting that Altcoin has significantly lower sales pressure than BTC.
Ethereum prices are at a glance
At the time of this writing, ETH prices are below $2,500, reflecting a decline of over 3% over the past 24 hours.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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