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Ethereum outperforms Bitcoin as ETH/BTC ratio breaks multi-year downtrend, driven by tokenization and AI demand.

Market News
18 Aug 2026
BeInCrypto
View Source
Bullish
Ethereum outperforms Bitcoin as ETH/BTC ratio breaks multi-year downtrend, driven by tokenization and AI demand.

Tom Lee of BitMine highlights that the ETH/BTC ratio has broken above a long-term downtrend, signaling rising market demand for Ethereum over Bitcoin. This shift is attributed to growing interest in tokenization and agentic AI applications, which benefit Ethereum's ecosystem. Meanwhile, BitMine has slowed its Ethereum purchases but accelerated stock buybacks, holding about 4.8% of Ethereum's total supply. The rising ETH/BTC ratio suggests Ethereum could continue gaining relative to Bitcoin amid evolving crypto market dynamics.

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