TechFlow news, March 13 — According to Cointelegraph, the ETH/BTC ratio has dropped to its lowest level since mid-2020. Economist and cryptocurrency trader Alex Kruger said: "If you're still holding ETH, now might be a good time to rotate into high-beta altcoins. If the market declines, your losses may be similar in either case, but if the market rises, you could achieve significantly higher returns—and then switch back into BTC."
Many in the crypto industry view the "bottoming" of the ETH/BTC ratio as a signal that an altcoin season may be approaching. Benjamin Cowen, founder of Into The Cryptoverse, stated that for altcoin season to begin, "ETH/BTC needs to bottom out and start an upward trend."
However, other indicators suggest an altcoin season may not arrive soon, with Bitcoin likely to maintain its market share in the near term. CoinMarketCap's Altcoin Season Index shows a score of 13 out of 100, indicating a stronger inclination toward a Bitcoin-dominated season. Crypto trader Hansolar said this year will be an "all-year-long Bitcoin season." According to TradingView data, Bitcoin’s current market dominance stands at 62.15%, compared to around 42% when Ethereum hit its all-time high of $4,800 in November 2021.
