ETH flexes on BTC 🚀 – Ratio hits 2025 high as momentum shifts
Ethereum is stepping back into the spotlight against Bitcoin. Last week, ETH climbed to $4,774, just shy of its 2021 peak of $4,800, before easing down to $4,306. Even with that pullback, it still managed a +0.7% gain on the week, showing strong investor appetite.
Analysts point out that Ethereum’s strength versus Bitcoin is catching eyes across both spot and derivatives markets. According to CryptoQuant contributor EgyHash, the ETH/BTC pair has pushed up to 0.0368 — its highest level of 2025. This rebound comes after ETH hit a six-year low against BTC earlier in the year, marking a big turnaround in sentiment.
📊 Market action at new highs
Spot volumes for ETH/BTC were three times larger than Bitcoin’s, an all-time record
ETH/BTC perpetual futures open interest hit 0.71, the strongest in over a year
The data shows traders are piling in, boosting short-term momentum for Ethereum
🏦 Institutions stepping in harder
Investment funds now hold 6.1M ETH, up 68% since Dec 2024 and 75% since April 2025
ETH fund market premium jumped to 6.44%, well above past cycle peaks
BlackRock’s Ethereum ETF is adding fuel, and some believe ETH-based ETFs with staking could attract even more inflows
🌍 The bigger picture
Ethereum’s rising influence signals a change in market preference. With more institutions coming in, stronger trading activity, and a clear rebound versus Bitcoin, ETH is moving beyond its label as the “second” crypto — it’s proving it can lead the market in its own way.