ETH Soars 155% to $4,957 as ETH/BTC Ratio Stays Below 0.05
The ETH/BTC ratio has remained below 0.05 since July 2024, even as Ethereum price surged 155% to a record $4,957 on August 24 before a 6.7% pullback. According to CoinGecko, the ETH/BTC ratio peaked at 0.14 in June 2017 and hit a five-year low of 0.02 in March amid macroeconomic uncertainty and U.S. trade tensions. Institutional adoption accelerated over July and August, with traditional funds and ETFs adding ETH to their portfolios and the Ethereum Foundation pitching to Wall Street. Market analysts note Ethereum has outperformed Bitcoin only 15% of the time since its 2015 launch, mainly during the ICO boom. After the rapid summer rally, experts expect a consolidation period before ETH can challenge $5,000 again, keeping traders focused on the ETH/BTC ratio as a key metric.
Neutral
The news combines a significant price rally with sustained institutional interest and ETF inflows—factors that generally support a bullish outlook for Ethereum. However, the stagnant ETH/BTC ratio under 0.05 and analysts’ projection of a consolidation phase before challenging $5,000 again suggest limited near-term upside and a potential pause in momentum. In the short term, traders may see range-bound trading as they monitor the ETH/BTC ratio. Over the longer term, continued institutional adoption and record price levels point to a bullish outlook, but the ratio’s trend will be critical for gauging future strength.