The Ether-Bitcoin (ETH / BTC) ratio, which measures the price of ether (ETH) against the Bitcoin price (BTC), failed to recover 0.05, despite the adoption of ETH by institutions and the historic price rally in July and August which brought ETH to new peaks of all time.
ETH / BTC has remained lower than 0.05 since July 2024, and the ratio culminated in June 2017 when it reached the summit of 0.14, depending on Coigecko. The report is 0.039, down from 0.04 reached in August.
The ratio fell to a 5-year hollow in March, collapsing at 0.02, in the midst of macroeconomic uncertainty and increasing trade tensions between the United States and its business partners.
However, the cryptocurrency market has recovered, gathering new heights during the months that followed. Ether’s price reached a series of summits in August, reaching a summit of $ 4,957 on August 24, before dropping by around 6.7% at the current level.
The price of the ether has rallied by around 155% since July, while financial institutions adopt the token for cash purposes, investors in traditional equities buy ETH through the funds negotiated on the stock market (ETF) and the Ethereum Foundation launches the network at Wall Street.
In relation: Ether bursts against BTC, but the new heights depend on the support of $ 4.7,000
Ethereum surpasses BTC at only 15% of the time since the launch
Ether has only surpassed BTC only 15% of the time since its launch in 2015, according to market analyst James Check.
Check’s data show that the majority of ETH outperformances occurred between 2015 and 2017, following the launch of the first smart contract blockchain platform in the world and the initial boom in the 2017 parts (ICO).
However, since 2020, BTC has outperformed the ETH, according to an analysis of the price history shared by check in April.
Market analysts plan when Ethereum crosses the milestone of $ 5,000, which he missed in August about $ 43 before tracing the current levels.
“With ETH near its previous Aths, we can consolidate ourselves a little, given the very large frame in such a short time,” said Jake Kennis, analyst of the company Blockchain Analytics and Research, Nansen, told Cintelegraph during the August Rally.
The analyst said he can take weeks or months for the ETH to reach new heights of all time after the stormy price rally in August.
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