Ethereum is nearing a market bottom against Bitcoin, according to CryptoQuant.
As reported by CoinTelegraph, Ether is currently trading below its realized price, while onchain indicators point to easing selling pressure and recovering demand.
Though a definitive cycle bottom has yet to emerge, the current indicators suggest that Ethereum may be approaching a market bottom against Bitcoin.
However, key signals remain unconfirmed, indicating that a market bottom has not been fully established.