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One Ethereum Indicator Is Signaling Altcoin Season Will Start Early, According to Quant Analyst Ki Young Ju

The CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, is updating his outlook on altcoins ahead of a potential approval of spot Ethereum (ETH) exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC).

Young Ju tells his 348,500 followers on the social media platform X that Ethereum’s Market Value to Realized Value (MVRV) metric is flashing a bullish signal.Turning to altcoins, the CryptoQuant CEO says that memecoin dominance is on the wane after reaching a 15-month high in March. Memecoin dominance is the proportion of the total market capitalization of memecoins relative to the total market capitalization of altcoins