The Ether-bitcoin ratio (ETH/BTC), which measures the price of Ethher (ETH) against the price of Bitcoin (BTC), has not been able to recover 0.05, despite the adoption of ETH by institutions and the historical prices manifestation in July and August that led Eth to new maximums of all time.
ETH/BTC has remained below the level of 0.05 since July 2024, and the relationship reached its maximum point in June 2017 when it reached the historical maximum of 0.14, according to Coingecko. The relationship current is found at 0.039, below 0.04 reached in August.
The relationship fell to a minimum of 5 years in March, collapsing 0.02, amid the macroeconomic uncertainty and the growing commercial tensions between the United States and their commercial partners.
However, the cryptocurrency market recovered, gathering new maximums in the following months. Ether’s price reached a maximum series in August, reaching a historical maximum of $ 4,957 on August 24, before falling by approximately 6.7% to the current price level.
Ether’s price has recovered in approximately 155% since July, since financial institutions adopt token for treasure purposes, traditional capital investors buy ETH through funds quoted in the stock market (ETF) and the Ethereum Foundation launches the network to Wall Street.
Related: Ether goes against BTC, but the new maximums depend on $ 4.7K to become a support
Ethereum exceeds BTC only 15% of the time since launch
Ether has surpassed BTC only 15% of the time since its launch in 2015, according to market analyst James Check.
Check’s data show that the majority of ETH’s superior performance occurred between 2015 and 2017, following the launch of the world’s first blockchain platform for the world’s smart contract and the initial boom of the 2017 currency supply (ICO).
However, since 2020, BTC has surpassed ETH, according to a price history shared by check in April.
Market analysts forecast when Ethereum will reach the milestone of $ 5,000, which was lost by little in August in approximately $ 43 before returning to the current levels.
“With ETH near its previous ATHS, we can consolidate a little, given the great period in advance in such a short period of time,” said Jake Kennis, a blockchain analyst Analytics and Research Company Nansen, to Cointelegraph during the August demonstration.
The analyst said that it may take weeks or months to reach new historical maximums after the heated price rally in August.
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