ETH/BTC ratio hits 10-month low as bitcoin outperforms

The ETH/BTC ratio dropped to 0.02835, its lowest in ten months, down over 35% from August. Ether fell more than 2% while bitcoin slipped just over 1%, confirming bitcoin’s continued outperformance.

The ETH/BTC ratio, a key indicator of risk appetite and market trends in crypto, dropped sharply to 0.02835 on Tuesday—its lowest level in ten months and the weakest since July 2025. This marks a decline of over 35% from its August peak of 0.04324. The drop followed ether’s daily loss of more than 2%, while bitcoin slipped just over 1%. Currently, the ratio sits well below its 200-week moving average of 0.04828, reinforcing a long-term bearish trend for ether relative to bitcoin. The ETH/BTC ratio is closely watched as it reflects investor sentiment: a rising ratio signals increased risk appetite and capital rotation into ether and other higher-risk assets, while a falling ratio indicates a preference for bitcoin’s stability. The introduction of spot bitcoin ETFs in the US in 2024 has contributed to bitcoin’s outperformance, attracting significant institutional investment. Despite a brief rally in 2025, ether has not reversed the broader downward trend against bitcoin, highlighting a market environment that currently favors bitcoin’s perceived safety over ether’s volatility.