CryptoQuant founder and CEO Ki Young Ju believes that believers in Ethereum (ETH) may have an opportunity as the ETH/BTC Net Unrealized Profit/Loss level hits a four-year low. Despite underperforming against Bitcoin, ETH holders are experiencing losses without realizing them, similar to levels seen in early 2020. Young Ju also highlights that the correlation between BTC and ETH is at a three-year low, indicating that each asset is now following its own path. Former Goldman Sachs executive Raoul Pal shares this optimism, stating that ETH's current chart resembles Bitcoin's between 2011 and 2019. ETH is currently trading at $3,054, down more than 1% in the past 24 hours.



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