ETH/BTC today slid to 0.02835, a 10-month low and the lowest since July 2025. BTC is down 1% today, and ETH is down 2% in sync—underperforming BTC at double speed.


Looking at the long term: ETH/BTC has fallen 34% from last August’s high of 0.04324. The 200-week moving average is now at 0.04828, which means the current level is a full 41% below the average. In this round, BTC has rebounded from the lows back to $80,800, but ETH hasn’t kept up. The script of “once BTC finishes running, it’s altseason” still hasn’t played out after 10 months.
Breaking below the long-term structure of ETH/BTC isn’t about ETH being undervalued and waiting for a rescue—it’s ETH steadily losing market share in front of BTC. People waiting for ETH and altseason have already lost 34% against Bitcoin—so is that undervaluation, or the price to pay? #Gate广场五月交易分享 $ETH $BTC $SOL
ETH-2.89%
BTC-1.16%
SOL-2.19%
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