ETH/BTC Ratio Signals a Potential Ethereum Comeback

[cryptoenthusiast]

The stablecoin market cap on Ethereum. Source: DefiLlama

Crypto analyst Michaël van de Poppe says the Ether–Bitcoin (ETH/BTC) ratio bottomed in April 2025 and is now following a pattern similar to the 2019 market cycle. The ratio, which tracks Ethereum’s strength relative to Bitcoin, rebounded from lows near 0.017 and has since stabilized after a broader market correction.

According to van de Poppe, this shift suggests Ethereum may have entered a new relative uptrend after years of underperformance. He argues that despite widespread pessimism around ETH, historical cycles show that similar sentiment conditions have often preceded strong Ethereum-led rallies.

[ed]

eth/btc bottom calls always feel early until suddenly they’re not

[JanEmil]

We need ETH to rally