ETH/BTC ratio hits 10-month low at 0.02835, down 35% from August peak!

The ETH/BTC ratio slid to 0.02835 on Tuesday — its weakest reading since July 2025 and more than 35% below its August high of 0.04324. Ether fell over 2% on the day versus bitcoin's roughly 1% decline, widening a gap that has become a persistent feature of this cycle.

The ratio sits well beneath its 200-week moving average of 0.04828, a technical level that reinforces the long-term bearish trend for ether relative to bitcoin. The structural driver remains the same: U.S. spot bitcoin ETFs, launched in January 2024, have continued to attract institutional inflows that disproportionately benefit BTC.

The pair did stage a sharp recovery earlier in 2025 — bouncing roughly 135% from an April low of 0.01770 hit during the market turbulence around Trump's Liberation Day tariff announcements — but that rebound has now been more than half retraced. Until the ratio reclaims its 200-week moving…