Ethereum News Today: Ethereum Outperforms Bitcoin as ETH/BTC Ratio Hits 365-Day High

Ether (ETH) continues to dominate the cryptocurrency conversation, with renewed interest and optimism from investors who previously doubted its potential in this market cycle [10]. The asset has seen a strong rally in recent weeks, reaching a high of $4,743 on August 14—the highest level since November 2021 and just below its all-time high of $4,891 [10]. This upward movement has coincided with ETH outperforming Bitcoin (BTC), as the ETH/BTC price ratio has risen above its 365-day moving average, a historically bullish indicator [10].

The growing preference for ETH is also evident in the flow of capital into spot Ethereum exchange-traded funds (ETFs), which have seen higher inflows compared to Bitcoin-focused ETFs. The ETH/BTC ETFs Holding Ratio has risen from 0.05 to 0.15 in the past three months [10]. Meanwhile, ETH’s open interest relative to BTC has increased from 0.57 to 0.78, indicating stronger positioning among traders in the perpetual futures market [10].

Spot trading volume for ETH has also outpaced that of BTC. Last week, the volume ratio between ETH and BTC spiked to 1.66—the highest level since June 2017 [10]. Over the past four weeks, ether’s spot trading volume has consistently exceeded that of BTC, with the most recent week seeing over $10 billion in ETH trading activity [10]. These patterns historically suggest a period where ETH outperforms BTC by a significant margin.

Despite these bullish signs, market intelligence platforms have observed emerging indicators of selling pressure. The relative price of ETH against BTC is approaching overvalued levels, while inflows of ETH into exchanges have exceeded those of BTC. These developments suggest that profit-taking may soon accelerate, potentially leading to short-term headwinds for ETH [10]. Santiment analysts have also noted that ETH traders are showing less interest in buying the dip compared to BTC traders, which could either reflect a more mature market dynamic or serve as a cautionary signal [1]. The Ethereum Fear and Greed Index, which uses ten unique data algorithms to measure market sentiment, is being closely watched for further signals [2].

Source:

[1] XT Community News (https://www.xt.com/en/blog/community-news/2025-08-16T06:00:00.000Z)

[2] Ethereum Fear and Greed Index | Multiple Timeframes (https://cfgi.io/ethereum-fear-greed-index/)

[10] ETH Remains in the Spotlight as Signs of Selling Pressure Appear (https://cryptopotato.com/eth-remains-in-the-spotlight-as-signs-of-selling-pressure-appear-cryptoquant/)