The Ether to Bitcoin (ETH/BTC) ratio has dropped to its lowest level since mid-2020, prompting suggestions from trader Alex Kruger to consider shifting investments towards higher-performing altcoins. Currently, the ETH/BTC ratio stands at 0.02281, and insights indicate that if the market declines, the losses would be similar for both cryptocurrencies, but gains could potentially be greater with altcoins. Both ETH and Bitcoin are trading below significant price thresholds, with Bitcoin at $83,667 and Ethereum below $2,000. While some market analysts believe this low ratio signals an impending altcoin season, others argue that Bitcoin may continue to dominate in the near term, as indicated by various market metrics, including a low score of 13 out of 100 on CoinMarketCap's Altcoin Season index, favoring Bitcoin. The current sentiment reflects a “Fear” score of 45 on the Crypto Fear & Greed Index, suggesting caution among investors in the crypto space.

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