Recently, compared to Bitcoin consolidating at a low of $0.09 million, Ethereum's performance has been stronger. Ethereum has broken through $3,400, currently at $3,410, with an increase of 1% in the last 24 hours and a 4% rise over the past 7 days. In contrast, Bitcoin has fallen 1.1% in the last 24 hours, and earlier today it even briefly dropped below $0.093 million, hitting a low of $92,868.96.

The ETH/BTC ratio rebounds by 2.3%.

With Ethereum strengthening, the ETH/BTC ratio rebounded by 2.3% from a low of 0.03575 this morning, reaching a high of 0.03657 around 9 o'clock, setting a new high for the week. As of the time of writing, the ETH/BTC ratio is reported at 0.03633, which is an increase of 1.48% in the past 24 hours.

BTC.D declined to 57.63%.

At the same time, with Bitcoin performing relatively weakly, BTC.D (Bitcoin Market Cap) has shown a decline, dropping to a low of 57.63%, down 6.33% compared to the high of 61.53% set last month. As of the time of writing, BTC.D has slightly rebounded to 57.75%, down 0.43% in the last 24 hours.

The retreat of BTC.D along with the relatively strong performance of Ethereum has led the market to expect that Ethereum will regain its advantage next year and is anticipated to possibly lead to a new round of altcoin season.

The proportion of long-term holders of ETH exceeds that of Bitcoin by 10%.

The strong belief in Ethereum is not just empty talk; over the past year, the proportion of long-term holders of Bitcoin has gradually decreased, while that of Ethereum has continued to rise, surpassing Bitcoin in March of this year.

As of now, data show that the proportion of long-term holders of Bitcoin is 62.31%, while that of Ethereum has reached 75.06%. Although the proportion of long-term holders of Bitcoin has decreased among all holders, the proportion of Ethereum holders has increased, surpassing Bitcoin since the beginning of the year. The market's bullish sentiment towards Ethereum has started to gradually exceed that of Bitcoin.

Historically, Ethereum has the highest ROI in Q1, combined with the fact that Bitcoin's Market Cap is currently at a relatively high point, as well as a regulatory environment that is more favorable for innovation, the performance of Ethereum in Q1 2025 is still worth looking forward to.

The amount of leveraged long positions in ETH has grown by 50% in a week.

The leverage "long positions" of ETH have grown from less than 0.071 million ETH on December 22 to the current 104,847.23 ETH, representing a growth rate of up to 48%. This reflects the market's high expectations for ETH's upward potential during its low-price consolidation period.

A smart money whale (address starting with 0xEd0) withdrew 0.04 million ETH from Bitfinex two hours ago, worth approximately 0.133 billion USD, with an average price of 3,326.7 USD. Subsequently, this whale deposited 0.02 million ETH into Aave and borrowed 40 million USDC, and has now fully recharged this USDC to Binance, possibly preparing for further accumulation.

Does the recent trend of ETH and the operations of the whales indicate that Ethereum will rise strongly? Will the altcoin season fully bloom? This is worth close attention.

Recently, it is recommended to maintain a defensive allocation, increasing the allocation to major assets BTC and ETH to enhance the hedging properties of the assets. While hedging risks, participation in some high-yield DeFi projects is also possible.