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ETH/BTC ratio hits 10-month low as ether lags behind bitcoin amid ETF-driven bitcoin gains

Market News
12 May 2026
Coindesk
View Source
Bearish
pluang ai news

The ETH/BTC ratio fell to 0.02835, its lowest level since July 2025, dropping over 35% from its August peak. This decline signals weakening risk appetite as investors favor bitcoin's stability over ether, which continues to underperform. The ratio remains well below its 200-week moving average, reinforcing a long-term bearish trend for ether relative to bitcoin, driven by strong institutional inflows into bitcoin ETFs since early 2024. This suggests continued preference for bitcoin amid market uncertainty.

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