According to a recent analysis from, the Ethereum to Bitcoin ratio has remained below the 0.05 mark for the 14th consecutive month. This trend highlights a notable change in market dynamics, propelled by Bitcoin’s strength and the shifting patterns of altcoin rotations that have impacted ETH’s standing in the market. Historically, the ETH/BTC ratio has experienced notable fluctuations, with the peak recorded ratio hitting 0.148 during the ICO boom on June 12, 2017. Since then, the ratio has faced challenges in sustaining those elevated levels, especially after the downturn in 2018 when it was last recorded at 0.1 on February 12, 2018.
In the last ten years, the ETH/BTC ratio has surpassed 0.1 for merely 1.1% of the time, highlighting the infrequency of such elevated valuations. In 2025, the average ETH/BTC ratio has remained at a five-year low of 0.027, reflecting the market conditions seen during the 2019-2020 bear market. The decline can be linked to Bitcoin’s robust performance, supported by heightened institutional adoption and changes in the dynamics of the altcoin market. Despite this, Ethereum has seen short-lived spikes, including a return to a 0.04 ratio on August 23, 2025. The ETH/BTC ratio is currently positioned below 0.05, reminiscent of a timeframe between August 2018 and April 2021, during which it lingered beneath this level for 33 months.
Experts indicate that fresh catalysts, akin to the 2017 ICO boom, might be necessary to drive ETH back to elevated ratio levels. The current low ETH/BTC ratio creates both challenges and opportunities for Ethereum. Should the ratio exceed 0.05 while BTC fluctuates between $100,000 and $124,000, Ethereum might be poised to hit new all-time highs ranging from $5,000 to $6,200. However, this scenario is significantly influenced by market conditions and emerging trends that could impact Ethereum’s utility and adoption.