by Coinstrooper Crypto Articles
Quick Take
  • The ETH/BTC ratio briefly topped 0.030 this week, its highest level in three months.
  • However, Bitcoin (BTC) dominance climbed at the same time instead of falling.
  • That combination points to capital concentrating in the market’s two biggest assets, not spreading into the wider altcoin field.
  • Bitcoin’s dominance sits near 58.7%, and it gained ground over the past day, but in general, it has been relatively steady.

What Happened

Two Winners, Not a Broad Rally

That read centers on ETH specifically. It says little about the median token, and the Ethereum whale accumulation driving the rally has focused on ETH, not smaller altcoins.

Not Just a Bounce

Market Context

The ETH/BTC ratio briefly topped 0.030 this week, its highest level in three months. However, Bitcoin (BTC) dominance climbed at the same time instead of falling.

That combination points to capital concentrating in the market’s two biggest assets, not spreading into the wider altcoin field.

Bitcoin’s dominance sits near 58.7%, and it gained ground over the past day, but in general, it has been relatively steady. At the same time, Ethereum’s (ETH) share climbed to 10.5%. The category tracking everything else, thousands of smaller tokens outside the top two, has been on a slide and dropped to 30.8%.

The Rest of the Market Keeps Shrinking

“We view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening.” — Lee

Whether the ratio holds here or slides back toward its lows will show whether this is a genuine reversal or just a bounce inside Bitcoin’s grip on the market.

Why It Matters

This squeeze isn’t new. Altcoin sell pressure outside Bitcoin and Ethereum ran for 15 straight months through mid-June. BitMine chairman Tom Lee still calls the ETH/BTC move a bullish signal for crypto overall:

Institutional buying backs the move up. BitMine and Arthur Hayes have kept adding ETH through a month when spot ETH ETFs pulled in fresh inflows while Bitcoin funds saw redemptions. Treasuries and funds don’t typically chase a single green candle. Their buying suggests they expect the move to last.

Details

The ETH/BTC ratio sits at 0.02963, up 10.52% over the past month; however, the pair is still down 4.85% over six months and 12.60% year to date. This indicates how low Ethereum was relative to Bitcoin and how far it has to climb.

The post ETH/BTC Ratio Hits 3-Month High: But Don’t Count on Altcoin Season Yet appeared first on BeInCrypto.