Alfonso's Daily Note Alfonso De Pablos highlights the day’s most important market-moving chart. Is Ethereum Back? By Alfonso Depablos, CMT May 9, 2025 Sign up for my free note here.Today was Crypto Friday on the Morning Show, and let me tell you—Ethereum absolutely stole the spotlight.For years, ETH has been the “ugly duckling” of the crypto world, stuck in a sideways chop, underperforming everything else.But this week, that could finally be changing.The ETH/BTC ratio is bouncing off those key 2019 and 2020 lows—levels that sparked one of ETH’s best runs ever. I can’t think of a more constructive sign for the entire crypto land than seeing ETH finally take charge and start to catch up.It’s about time. If ETH is ever going to stop underperforming... it’s now.That shift in leadership could be the catalyst for the next big move—paving the way for altcoins to follow.And who knows? We might just be watching Ethereum’s comeback unfold, laying the foundation for the next leg higher for crypto.Have a good weekend,Alfonso More from Alfonso's Daily Note Alfonso Depablos, CMT The Return of the Trump Trade November 6, 2025 Alfonso Depablos, CMT Who’s Got It Right? November 5, 2025 Alfonso Depablos, CMT Weak Spots in a Bull Market November 4, 2025 See the Chart That MattersAlfonso’s Chart of the Day highlights the setups and inflection points shaping the next big market moves — before they hit the headlines. You must have JavaScript enabled to use this form. Email Address