ETH/BTC Ratio Hits 10-Month Low as Ether Continues to Lag Behind Bitcoin

ETH/BTC Ratio Drops to Lowest Level Since 2025

The ETH/BTC ratio has fallen to its lowest point in 10 months, highlighting Ethereum’s continued struggle to keep pace with Bitcoin. Market data shows the ratio declined to 0.02835 on May 12, marking its weakest level since July 2025.

The metric, which compares Ether’s performance against Bitcoin, has dropped more than 35% from its August 2025 peak of 0.04324. The latest decline came as Ether lost over 2% in value, while Bitcoin recorded a smaller drop of just above 1%.

What the ETH/BTC Ratio Means for Crypto Markets

The ETH/BTC ratio is closely followed by traders because it reflects investor risk appetite in the cryptocurrency market. A rising ratio often signals growing confidence in higher-risk assets such as Ether and altcoins. In contrast, a falling ratio suggests investors are moving toward Bitcoin, which is generally viewed as the safer crypto asset during uncertain market conditions.

Bitcoin ETF Growth Continues to Pressure Ethereum

Ethereum’s weaker performance has continued since the launch of spot Bitcoin exchange-traded funds in the United States in early 2024. Strong institutional demand for Bitcoin has helped widen the gap between the two largest cryptocurrencies.

Long-Term Ethereum Weakness Remains

Despite a strong recovery during late 2025, the ETH/BTC ratio remains below its 200-week moving average of 0.04828, a sign that Ethereum is still underperforming Bitcoin in the long term. Analysts view this as evidence that Bitcoin continues to attract stronger investor confidence across the digital asset market.