Ether-Bitcoin Ratio Rebounds From Lows, Signaling Broader Crypto Recovery
The ETH/BTC ratio measures how much bitcoin one ether can buy and is widely used to gauge whether capital is spreading from bitcoin into other crypto assets. A rising ratio typically indicates relative strength in ether and may also signal improving investor risk appetite, suggesting the market recovery is no longer being driven solely by bitcoin.
The ETH/BTC ratio has rebounded from its 2026 low to 0.0313, its highest level in nearly three months. On the fundamentals side, the Ethereum network added 284,000 users in the first quarter of 2026, while the total on-chain stablecoin supply rose to a record $180 billion, supporting demand for ether and the broader market recovery.
All Coverage
1 original reportsThe Backstory
The history behind this eventEther Leads Crypto Market as Bitcoin Holds Above $63,000
The cryptocurrency market has shown strong resilience following its late-June decline. Bitcoin and Ether have held key technical support levels even as a stock-market rally driven by AI and chip shares has lost momentum. Traders see the move as an early sign of a more durable recovery. It also breaks from crypto’s typically close correlation with U.S. technology stocks, prompting global investors to reassess digital assets’ independent safe-haven value during macroeconomic turbulence.
Ether led the market with a 12% weekly gain in mid-July, driven mainly by Bitmine’s purchases and the launch of Robinhood’s Layer-2 network, which attracted more than $70 million in its first week. Bitcoin also held above $64,000 over the July 12 weekend. Analysts said Bitcoin could challenge $70,000 ahead of the Federal Reserve’s July 28 rate meeting if signals of a rate cut become clear.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.