The ether-bitcoin (eth/btc) ratio, which measures the price of ether (Eth) Against the price of bitcoin (Btc), failed to capture 0.05, despite the ETH adoption of institutions and the historic price rally in July and August that took ETH to new high-time highs.
The ETH/BTC has remained below the level of 0.05 since July 2024, and the ratio faded in June 2017 when it hit the entire time of 0.14, according to Co ringecko. The ratio currently sits 0.039, down from 0.04 reached in August.
The Ratio fell to a 5-year low In March, collapsed at 0.02, in the midst of macroeconomic uncertainty and Increased stress in trade between the United States and its trading partners.
However, the cryptocurrency market has recovered, rallying with new highs the following month. Ether’s price hits a series of highs in Augustreaching a full time of $ 4,957 on August 24, before dropping about 6.7% at the current price level.
Ether’s price has raw almost 155% since July, as financial institutions Create a token for Treasury purposesTraditional Equity investors buy ETH through funds exchanged (ETF), and the Ethereum Foundation Pitches the network on Wall Street.
Related: Ether destroys BTC, but new highs depend on $ 4.7k becoming support
Ethereum Outperforms BTC only 15% of the time since launch
Ether has Outperformed BTC only 15% of the time Since it launched in 2015, According to In the market analyst James Check.
Check data shows that most of the ETH release took place between 2015 and 2017, at the end of the launch of the world’s first smart platform of the world’s blockchain and the initial offering of the coin (ICO) of 2017.
However, since 2020, the BTC has released ETH, according to a price history review shared by the check in April.
Market analysts are forecasting when Ethereum reaches the $ 5,000 milestone, which is narrowly missed in August by nearly $ 43 before re -re -enhanced at the current levels.
“With ETH near previous ATHs, we can combine a bit, given a massive run-up in a short time,” Jake Kennis, an analyst at Blockchain Analytics and research company Nansen, told Cointelegraph during the August rally.
Analyst said that can take weeks or months for Eth to hit new all-time highs Following a heated price rally in August.
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