Ethereum News Today: Ethereum Outperforms Bitcoin as ETH/BTC Ratio Hits 8.66% Weekly Gain on EIP-4844 and ETF Inflows

Capital flows are shifting from Bitcoin to major altcoins as Ethereum and XRP gain relative strength, though market participants remain unfazed by the correction. Ethereum’s spot trading volume surpassed Bitcoin’s for the first time since June 2024, reaching $25.7 billion compared to Bitcoin’s $24.4 billion last week [1]. This shift aligns with historical market cycles, where capital rotates toward large-cap alternatives during consolidation phases [1]. However, only 41% of the top 50 altcoins currently outperform Bitcoin over 90 days, down from 59% in late July, according to Blockchain Center data [1]. Analysts note that the 75% dominance threshold typically required to signal a sustained altseason remains unmet, indicating a cooling period for speculative activity.

The correction is described as “organic and healthy” by ETHNews analysts, reflecting natural adjustments after recent rapid gains [1]. Exchange data show no signs of panic selling or large-scale liquidations, with prices consolidating steadily. The ETH/BTC trading pair has climbed to 0.03098, marking a 1.41% daily increase and an 8.66% weekly gain, its strongest performance in months [1]. This trend reflects Ethereum’s structural outperformance over Bitcoin, with the ratio reaching January highs as the pair breaks above key resistance levels.

Fundamental factors underpin Ethereum’s strength. The EIP-4844 upgrade reduced Layer-2 blob data costs by over 60%, enhancing usability for rollups and boosting demand. Meanwhile, Ethereum spot ETFs, led by BlackRock and Fidelity, have driven $2.5 billion in weekly inflows, institutionalizing ETH accumulation and diversifying its market correlations [1]. Staking activity has further tightened supply, with over 35 million ETH locked in custody solutions, and rollup advancements like zkSync v3 and Scroll solidifying Ethereum’s edge in smart contract scalability [1].

Analysts remain cautiously optimistic, forecasting further upside for the ETH/BTC ratio toward 0.0328 and 0.035, contingent on sustained ETF inflows and macroeconomic stability [1]. While the 41% underperformance metric highlights a prolonged correction since mid-2022, structural indicators suggest a potential reversal. Historical patterns show similar trend changes preceding altcoin-led bull runs, reinforcing bullish sentiment for Ethereum, XRP, and other major altcoins in the medium term.

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[1] https://coinmarketcap.com/community/articles/68824b954ed1db4f630b9f5c/