Ether weakness against bitcoin deepens as ETH/BTC ratio hits 10-month low
CoinDesk
The ETH/BTC ratio has fallen to a 10-month low, indicating investors favor Bitcoin's stability over Ether.Summary
The ETH/BTC ratio, a key indicator of crypto market risk appetite, has dropped to its lowest point in 10 months, reaching 0.02835. This decline signifies that investors are increasingly favoring Bitcoin's perceived stability over Ether, with Ether experiencing a more significant drop than Bitcoin. The ratio has fallen over 35% from its August high and remains well below its 200-week moving average, suggesting a long-term bear market for Ether relative to Bitcoin. This trend is partly attributed to the success of U.S. spot Bitcoin ETFs in 2024, which attracted substantial institutional investment.
(Source：CoinDesk)