{"id":30938,"date":"2026-07-23T17:45:08","date_gmt":"2026-07-23T16:45:08","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/07\/23\/eth-btc-cycle-bottom-cryptoquant-signals\/"},"modified":"2026-07-23T17:45:14","modified_gmt":"2026-07-23T16:45:14","slug":"eth-btc-cycle-bottom-cryptoquant-signals","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/eth-btc-cycle-bottom-cryptoquant-signals\/","title":{"rendered":"ETH\/BTC Near a Cycle Bottom? CryptoQuant Spots Key Signals But Stays Cautious"},"content":{"rendered":"\n

The ETH\/BTC<\/strong> pair is drawing growing attention from on-chain analysts. After months of Ethereum<\/strong> underperforming Bitcoin<\/strong>, a number of indicators are starting to flash green \u2014 though none have yet confirmed a definitive trend reversal.<\/p>\n\n\n\n

CryptoQuant<\/strong> has published a detailed analysis highlighting several metrics that point to a possible market floor for Ether. Selling pressure is easing, demand is gradually recovering, but the ultimate confirmation signal is still missing.<\/p>\n\n\n\n

Here is a breakdown of the data currently sparking debate across the crypto community.<\/p>\n\n\n\n

Ethereum Below Its Realized Price: Historically Favorable Territory for Buyers<\/h2>\n\n\n\n

One of the most closely watched signals in CryptoQuant<\/strong>‘s analysis is where ETH<\/strong> stands relative to its realized price<\/strong> \u2014 the average value at which each token was acquired on-chain. Currently, Ether is trading below that level<\/strong>, meaning the majority of holders are sitting on unrealized losses.<\/p>\n\n\n\n

Historically, this configuration has coincided with capitulation<\/strong> zones and, in certain cycles, with favorable medium-term entry points. It is not a guarantee of an immediate rebound, but it does signal that sellers have already largely liquidated their positions \u2014 mechanically reducing the remaining downside pressure.<\/p>\n\n\n\n

On the ETH\/BTC<\/strong> pair specifically, the dynamic is even more pronounced. Ethereum<\/strong> has been losing ground against Bitcoin<\/a><\/strong> continuously since the 2021 peak, and the ratio is now trading at levels not seen in several years. For traders tracking altcoin cycles<\/a><\/strong>, this kind of extreme compression often precedes \u2014 though not always \u2014 a catch-up phase.<\/p>\n\n\n\n

\"ETH\/BTC<\/figure>\n\n\n\n

On-Chain Metrics Point to Stabilization, Not Yet a Recovery<\/h2>\n\n\n\n

Beyond the realized price, CryptoQuant<\/strong> identifies several on-chain indicators converging in the same direction: selling pressure is easing<\/strong> and demand is beginning to rebuild gradually. Among the signals being monitored are a decline in exchange outflows<\/strong> \u2014 suggesting holders are less inclined to sell \u2014 alongside a modest uptick in active addresses.<\/p>\n\n\n\n

These data points are encouraging, but CryptoQuant<\/strong> stresses a crucial caveat: no definitive confirmation signal has emerged yet<\/strong>. In previous cycles, the true bottom typically materialized through a combination of violent capitulation<\/strong> followed by a sharp demand reversal. That sequence has not yet played out for ETH\/BTC<\/strong>.<\/p>\n\n\n\n

The market therefore remains in a zone of ambiguity. Opportunistic buyers may see this as a window for gradual accumulation<\/a><\/strong>, while more cautious traders are waiting for technical confirmation in price action<\/strong> \u2014 specifically a clear reversal of the ETH\/BTC<\/strong> ratio on weekly or monthly timeframes, backed by significant volume.<\/p>\n\n\n\n

Why the ETH\/BTC Ratio Commands So Much Analyst Attention<\/h2>\n\n\n\n

The ETH\/BTC<\/strong> pair is widely regarded as a barometer for overall altcoin sentiment<\/strong>. When Ethereum<\/strong> outperforms Bitcoin<\/strong>, it is generally a sign that the market is in risk-on mode and that capital is rotating into more speculative assets. Conversely, a prolonged period of ETH underperformance reflects a clear preference for the relative safety of BTC.<\/p>\n\n\n\n

In this context, the fact that CryptoQuant<\/strong> is beginning to detect stabilization signals on this ratio carries real weight. It does not foreshadow an immediate bull run for Ethereum<\/strong>, but it does suggest that the phase of relative value destruction may be nearing its end. Potential catalysts remain plentiful: growing adoption of staking<\/a><\/strong>, continued development of the Layer 2<\/a><\/strong> ecosystem, and renewed institutional interest through Ethereum ETFs<\/strong> in the United States.<\/p>\n\n\n\n

For investors tracking long-term cycles<\/strong>, caution remains warranted. A cycle bottom can only be confirmed in hindsight \u2014 and on-chain data, as valuable as it is, cannot substitute for a clear confirmation in price action<\/strong> on the open market.<\/p>\n\n\n\n

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