ETH/BTC Fit Don Reach Di Bottom — Stablecoin Inflows Dey Support Ethereum Recovery
ETH/BTC don show say e don touch bottom for April 2025 and e dey show signs say e steady and dey recover small small, like how e happen after the 2019 slide, na so market analyst Michaël van de Poppe talk am. Price action don dey form higher lows since April, with one low near 0.017 ETH/BTC, one local rally reach about 0.043 for August, then e come down to ~0.034 after market pullback for October. On-chain metrics dey support better view for Ethereum versus Bitcoin: stablecoin supply for Ethereum jump pass 65% for 2025 to about $160–$170 billion (DeFiLlama), pass the 2021 peak, and Token Terminal talk say stablecoin transfers on Ethereum pass $8 trillion for Q4. DeFi activity, growth of tokenized real-world assets and steady developer activity still back Ethereum as settlement-layer. For time wey reports come out, ETH dey trade around $3,100–$3,300, e even cross hin 365-day moving average small before e pull back. Sentiment indicators (Santiment) resemble conditions wey dey before rally. For traders, these signals mean more dollar liquidity dey enter Ethereum and better background for ETH against BTC, suggesting say e fit still go up if on-chain flows and risk appetite continue.
Bullish
Di reports dem show say ETH get better chance pass BTC. Technical structure for ETH/BTC show say e likely make bottom for April 2025 and e don dey make higher lows since den, wey mean say e don change from downtrend to dey stable and fit recover. Importantly, on-chain fundamentals dey support this view: stablecoin supply for Ethereum don rise >65% to new all-time high and stablecoin transfer volumes big wella, meaning say dollar liquidity dey park for Ethereum settlement layer — this liquidity fit push buying pressure into ETH or DeFi positions. Ongoing developer activity and growth for tokenized real-world assets add structural demand. Short-term effects: expect more volatility around key levels (365-day MA, recent highs) as traders react to flows and macro risk appetite; this fit cause quick rallies or pullbacks. Medium-to-long term: if stablecoin inflows continue and ETH keep network activity, probability balance favor further ETH strength versus BTC. Risks: broad market crashes, regulatory shocks to stablecoins, or sudden drop in on-chain transfers fit reverse the bias. Overall, the news increase the chance of bullish price action for ETH, especially in ETH/BTC terms, while traders should monitor on-chain flow metrics, stablecoin concentration (USDT share), and macro liquidity conditions.