🔥 $ETH Flexes Against $BTC — ETH/BTC Ratio Hits 2025 High as Momentum Shifts

Ethereum is gaining ground on Bitcoin, with the ETH/BTC ratio climbing to 0.0368—its highest level in 2025—signaling a shift in market sentiment. Last week, $ETH surged to $4,774, just shy of its 2021 all-time high above $4,800, before pulling back to $4,306. Despite the correction, it still posted a 0.7% weekly gain.

Investor Interest Rises as ETH Shows Strength

Ethereum continues to outperform Bitcoin in both spot and futures markets, according to analysts. Spot trading volumes for the ETH/BTC pair have hit record levels, as reported by CryptoQuant contributor EgyHash, indicating growing investor focus on Ethereum’s relative strength.

After hitting a six-year low against Bitcoin earlier this year, Ethereum’s resurgence highlights its increasing relevance in the crypto landscape, especially amid rising institutional involvement.

Volume & Open Interest Surging

• ETH spot trade volume last week was three times that of Bitcoin—a historic first.

• ETH/BTC perpetual futures open interest reached 0.71, the highest level in 14 months, showing that the derivatives market is aligning with spot trends.

This uptick suggests growing speculation around Ethereum’s near-term upside. EgyHash noted that while these moves often signal short-term strength, Ethereum’s long-term edge over Bitcoin depends on broader adoption and sustained investor confidence.

Institutional Demand Accelerates

Institutional interest in Ethereum is on the rise. CryptoQuant analyst OnChain reports that investment funds now hold 6.1 million ETH—up 68% since December 2024 and 75% since April 2025.

Notably, the ETH fund market premium has climbed to 6.44%, surpassing previous cycle highs. With BlackRock’s Ethereum ETF expanding exposure, OnChain emphasized that institutional accumulation could intensify—especially if ETH-based ETFs introduce staking.