The ETH/BTC ratio has rebounded from its 2026 lows, climbing to around 0.0313, its highest level in three months. The ratio had previously dropped to nearly 0.028 in February but remains below its January peak near 0.038. Over the past seven days, Ether gained roughly 4% to trade near $2,325, slightly outperforming Bitcoin, which advanced about 3.9% during the same period.
The ETH/BTC ratio is widely tracked as a measure of relative strength between ether and bitcoin. A rising ratio typically signals increased risk appetite and capital rotation into alternative crypto assets, while a declining ratio often reflects preference for bitcoin’s relative stability.
Ethereum Network Activity and Stablecoin Growth Support Momentum
Ethereum’s improving fundamentals have supported the recent rebound. New users on the network increased by 82% quarter over quarter in Q1, reaching approximately 284,000 new participants. Total transactions also surged to a quarterly record of 200.4 million, marking a 43% increase from the previous period.
Stablecoin supply on Ethereum reached an all-time high of $180 billion, growing about 150% over the past three years. The network currently holds around 60% of the global stablecoin market, reinforcing its role as a dominant settlement layer.
Despite recent gains, ether remains more than 50% below its 52-week high of $4,831. Market analysts suggest the ETH/BTC ratio must reclaim the 0.035 level on a weekly closing basis to confirm a durable trend shift rather than a short-term bounce driven by short covering.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.