Viewpoint: ETH/BTC ratio hits a 5-year low, suggesting a shift towards strong altcoins

Odaily Planet Daily reported that the ratio of Ethereum to Bitcoin has fallen to 0.02281, hitting a new low in nearly 5 years. Economist and cryptocurrency trader Alex Kruger suggests that investors should consider selling ETH and turning to stronger performing altcoins to gain higher returns during market rebounds. Although the bottom of the ETH/BTC ratio is often seen as a signal of the start of the altcoin season, CoinMarketCap's Altcoin Season index shows that the current market still leans towards Bitcoin dominance. The current market value of Bitcoin is 62.15%, while when Ethereum reached a historical high in November 2021, Bitcoin's market share was only 42%. （Cointelegraph）