Historical Signals on Ethereum: Is It Time for a Bullish Trend for ETH? CryptoQuant Announced!

The largest altcoin Ethereum (ETH) failed to meet expectations and lagged behind Bitcoin. While BTC surpassed its ATH from 2021, setting record after record, ETH has still not exceeded its previous ATH.

However, the situation may also be changing for Ethereum.

Is a Big Rally Ahead for Ethereum?

The CryptoQuant analyst stated in his analysis that the expected rally signals for ETH have arrived.

According to this, the analyst noted that Ethereum saw a significant outflow of over 85,000 ETH from Binance just before its price exceeded $1,900.

According to the analyst, the withdrawal of 85,000 ETH from Binance may be a signal of a bull market and a significant price increase.

"Historically, such significant withdrawals are often heralds of price rallies. Because it reduces liquidity and results in thinner sell-side order books, creating a favorable environment for upward price movements."

The analyst also stated that Tether minted 1 billion dollars worth of USDT on the Tron (TRX) blockchain just before the price increase of ETH on May 7, indicating that this is a sign of capital inflows. Because this situation generally reflects the demand coming from institutional investors or OTC desks preparing to enter the market.

Result: A strong bull formation is observed for Ethereum.

The combination of a large amount of ETH leaving Binance and the introduction of 1 billion dollars worth of USDT into circulation indicates that institutional accumulation and liquidity are preparing for a rise. This can also be interpreted as a bullish signal.

CryptoQuant also noted that ETH has been significantly undervalued compared to BTC for the first time since 2019.

"Historically, this situation has led to better performance for Ethereum. However, supply pressure, weak demand, and stagnant activities may delay the recovery."

ETH şu anda BTC'ye kıyasla son 2019'dan beri son derece değersiz.

Historically, this led to Ethereum outperforming.

However, supply pressure, weak demand, and flat activity could stall a rebound. pic.twitter.com/QqU2Xh3vo9

— CryptoQuant.com (@cryptoquant_com) May 8, 2025