The ratio last stood at 0.03 on April 29, with Bitcoin at 65,616 USDT and Ether at 1,971 USDT; the rebound follows a steep multi-year decline and signals Ethereum’s relative strength.
ETH/BTC rose to 0.03, its highest level in nearly three months, according to OKX market data, matching the level last seen on April 29. At that point, Bitcoin traded at 65,616 USDT and Ether at 1,971 USDT. The pair, which tracks Ether’s performance relative to Bitcoin, has rebounded after falling about 80% cumulatively from 2021 to 2025, according to data cited by BlockBeats. Analysts said the move may reflect stronger risk appetite and improving expectations for Ethereum’s ecosystem and demand.