Analyst: The stagnant ETH/BTC ratio has caused a delay in the altcoin season

According to Beincrypto, the ETH/BTC ratio has been fluctuating within a narrow range since mid May, reflecting a weakening interest in ETH among investors and a general delay in the start of the altcoin season. Analyst @ CryptoFellaTx recently emphasized in a post that the ETH/BTC chart is a key indicator for determining whether altcoins can recover. The current ratio is hovering around 0.024, which was the bottom of the cycle in 2019 and 2020, followed by a strong rebound in ETH. However, analysts emphasize that for altcoins to experience a significant reversal, Ethereum needs to show clear signals of strength.