All Eyes on Ether (ETH) Price vs Bitcoin (BTC): Crypto Daybook Americas
Ether is gaining momentum against Bitcoin following the Fusaka upgrade, suggesting an impending ETH bull run versus BTC.Summary
The Crypto Daybook Americas for December 4, 2025, highlights that as Bitcoin consolidates, attention is shifting to the Ether-Bitcoin (ETH/BTC) ratio, which has broken out bullishly. Ether (ETH) gained over 4% approaching $3,200 while Bitcoin remained near $93,000. This outperformance is supported by the recent Fusaka upgrade, which enhanced Ethereum's scalability and throughput, leading to increased network growth and ETH accumulation by large wallets. Furthermore, spot Ether ETFs in the U.S. saw significant inflows ($140 million) on Wednesday, contrasting with outflows for BTC and SOL ETFs. The report also notes PayPal's stablecoin PYUSD's rapid growth and provides a schedule of key macro and governance events for the day.
(Source：CoinDesk)