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ETH/BTC rallies on CLARITY Act hopes, but Bitcoin gains from BlackRock buying challenge Ethereum's momentum.

Market News
07 Jul 2026
AMBCrypto
View Source
Neutral
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Ethereum's price ratio against Bitcoin (ETH/BTC) has rallied nearly 5% entering Q3, driven by optimism over the potential passing of the CLARITY Act, which could boost Ethereum's role in decentralized finance. BitMine Immersion increased its Ethereum holdings significantly, while Michael Saylor’s Strategy sold Bitcoin, fueling the ETH vs. BTC treasury debate. However, Ethereum's on-chain activity and DeFi metrics remain below previous highs, and Bitcoin is seeing renewed institutional buying, notably from BlackRock. This dynamic makes it uncertain if Ethereum can sustain its outperformance against Bitcoin through Q3, as Bitcoin's fundamentals and institutional demand remain strong.

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