ETH/BTC Ratio Hits Three-Month High Amid Rising Ethereum Activity

Highlights:

• The ETH/BTC ratio reached a high of 0.0313 as Ethereum outperformed Bitcoin this week.
• Ethereum network growth and stablecoin activity drive demand in the blockchain.
• Analysts say the ratio must hold above the level it has achieved to confirm a stronger and sustained market shift.

The ETH/BTC ratio, a measure of Ethereum relative strength against Bitcoin, climbed to 0.0313 on Wednesday, marking its highest level since January. Ethereum gained 4% over the past seven days, while Bitcoin rose 3.9% during the same period. The 0.1% outperformance by ETH pushed the ratio higher this week.

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ETH/BTC Ratio Hits Three Month High As Momentum Builds

Ethereum $ETH is showing renewed strength against Bitcoin $BTC, with the ETH/BTC ratio climbing to 0.03139, according to data from TradingView.

This marks its strongest level since late January.

Ethereum gained 4% over… pic.twitter.com/DJitG3qweI

— BSCN (@BSCNews) April 16, 2026

The ETH/BTC ratio reached a three-month high after remaining weak in early this year due to strong Bitcoin ETF-driven demand. During that period, capital remained concentrated in Bitcoin, which limited Ethereum’s relative performance. The recent rebound shows that some traders have started shifting capital from Bitcoin into Ethereum in April.

The ETH/BTC pair broke above a descending trendline that had held since August last year. This breakout followed a prolonged decline in the past two years. Lower Ethereum fee revenue and reduced mainnet activity after the Dencun upgrade contributed to that decline.

The ratio peaked above 0.08 in late 2021 before entering a multi-year downtrend. It later found support near 0.028 in February. The current move shows the pair rising away from that level, which signals a potential shift in direction. Market analysts, including CryptoAnu, describe this rebound as an early signal of improving investor sentiment toward Ethereum.

$ETH/ $BTC breakout loading.

The signal is clear.

Big move loading. 📈🔥 #ETH #BTC pic.twitter.com/L1tibiHDDa

— Crypto.Anu🎰🍌 (@CryptoAnu_) April 14, 2026

ETH/BTC Ratio Shows Signs of Market Shift

The Ethereum network activity supports the recent rise in the ETH/BTC ratio. The network added 284,000 new users in the first quarter of this year, which represents an 82% increase from the previous quarter. This increase shows that more participants actively joined the Ethereum network during that period.

In Q1, new users on @ethereum surged 82% QoQ to 284k pic.twitter.com/jVYtR4Zwd5

— Artemis (@artemis) April 10, 2026

Stablecoin supply on Ethereum reached $180 billion, marking a record level. This figure reflects a 150% increase over the past three years. Ethereum now processes about 60% of global stablecoin transactions, which makes it the main network for settling tokenized dollar transfers.

Stablecoin usage and user growth increase demand for Ethereum beyond speculative trading. This demand supports Ethereum’s position in the digital asset market. In addition, clearer DeFi regulatory signals from the U.S. Securities and Exchange Commission (SEC) improved market confidence.

Meanwhile, Institutional investors increased their exposure to Ethereum during this period. Bitmine added 71,524 ETH to its treasury, which reflects growing institutional interest. At the same time, wallets holding at least 100,000 ETH increased from 54 to 57, showing accumulation by large investors.

🐳 The number of Ethereum wallets holding at least 100K $ETH has jumped from 54 to 57 in the past week. You can expect a level of correlation with price when this number grows, and there is strong justification that the #2 market cap can continue its rise. pic.twitter.com/bYYHoY4Y5M

— Santiment (@santimentfeed) April 13, 2026

More than 30% of Ethereum’s total supply remains staked and locked. This level of staking reduces the amount of ETH available for trading. Lower circulating supply limits selling pressure during periods of rising demand.

Analysts Watch Key Levels for Confirmation

The ETH/BTC ratio must close above 0.035 on the weekly chart to confirm a stronger upward trend. Meanwhile, ETH is still trading more than 50% below its 52-week high of $4,831. This gap shows that the asset has not fully recovered from previous declines.

As of press time, the coin is trading at $2,334, a 0.89% increase in the past day. However, the trading volume is down 17.36% to $17.54 billion. In the near term, resistance remains near $2,400, while $2,500 serves as the next key level.

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