ETH-BTC ratio bottomed in April, mirrors 2019 cycle: Analyst

The Ethereum ecosystem continues to see increased development and value locked in tokenized assets, according to market analyst Michaël van de Poppe.

The price of Ether (ETH), the native cryptocurrency of the Ethereum layer-1 blockchain network, bottomed out in April 2025, and its price action mirrors the 2019 cycle, according to market analyst Michaël Van De Poppe.

A surge in stablecoins, tokenized real-world assets (RWAs), which are traditional or physical assets represented as tokens on a blockchain, and developer activity on the Ethereum network are reasons to be bullish on Ethereum’s price, Van De Poppe said.

“The stablecoin supply on Ethereum has seen an increase of more than 65% in 2025. It's doubled since the peak in 2021,” he wrote in a Sunday X post.

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