The Ethereum to Bitcoin ratio has remained under the 0.05 threshold for the 14th consecutive month. This trend highlights a notable change in market dynamics, propelled by Bitcoin’s strength and the shifting patterns of altcoin rotations that have impacted ETH’s standing in the market. NFT marketplace
The ETH/BTC ratio has experienced notable fluctuations over time, with its peak recorded at 0.148 during the ICO boom on June 12, 2017. Since then, the ratio has faced challenges in sustaining elevated levels, especially after the downturn in 2018 when it was last recorded at 0.1 on February 12, 2018. In the last ten years, the ETH/BTC ratio has surpassed 0.1 for merely 1.1% of the time, highlighting the infrequency of such elevated valuations. In 2025, the average ETH/BTC ratio has remained at a five-year low of 0.027, reflecting the circumstances seen during the 2019-2020 bear market. This decline is linked to Bitcoin’s robust performance, supported by heightened institutional adoption and changes in altcoin market dynamics. Despite this, Ethereum has seen temporary spikes, including a return to a 0.04 ratio on August 23, 2025. The ETH/BTC ratio is currently positioned below 0.05, reminiscent of a timeframe between August 2018 and April 2021, during which it lingered beneath this level for 33 months.
Experts indicate that fresh catalysts, akin to the 2017 ICO boom, might be necessary to drive ETH back to elevated ratio levels. The current low ETH/BTC ratio highlights both challenges and opportunities for Ethereum. Should the ratio exceed 0.05 while Bitcoin is priced between $100,000 and $124,000, Ethereum might be poised to achieve new all-time highs ranging from $5,000 to $6,200. However, this scenario is significantly influenced by market conditions and emerging trends that may impact Ethereum’s utility and adoption.