ETH is approaching its peak, attracting capital flow but profit-taking pressure is beginning to emerge: CryptoQuant

2025-08-14 20:16:04

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ETH is strongly attracting capital flows as it reaches a price of 4,743 USD – the highest since November 2021 and just a few USD away from its all-time high. The ETH/BTC price ratio has surpassed the 365-day moving average, a signal that often precedes an upward cycle of ETH compared to Bitcoin.

According to data from CryptoQuant, investors are increasing their positions in ETH through spot ETFs and perpetual futures, with the ETH/BTC holding ratio in ETFs continuously rising. The spot trading volume of ETH has surpassed Bitcoin for 4 consecutive weeks, with the most recent week being over 10 billion USD (24 billion compared to 14 billion ).

However, the ETH deposit flow on the exchange has surpassed Bitcoin, indicating that profit-taking pressure is increasing. The price of ETH compared to BTC is also approaching a region that was once considered overvalued, and it may face resistance if market sentiment changes.

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