Crypto Express

07/23 04:27

ETH buyers surged 16% since June.

Glassnode noted that first-time ETH buyers surged 16% since June. The analytics firm framed the update as the ‘first signs of a trend reversal in $ETH buyer behavior.’

But Schiff also downplayed the ETH’s relief rally seen mid-Q2 2025 as a ‘bear market rally in terms of BTC.’

“I would not buy either myself, but I think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear market rally. So if you want to win crypto, selling Ether to buy Bitcoin makes sense.”

While it’s true that the ETH/BTC ratio, which tracks ETH relative price performance to BTC, hit a 5-year low in Q2, the indicator’s rebound supports the shifting ETH market structure.

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