Ethereum’s ETH/BTC Ratio Reaches Yearly High as Market Preference Shifts

Ethereum (ETH) has shown upward momentum, briefly hitting $4,774 last week, close to its 2021 all-time high. Currently, ETH is around $4,306, reflecting a 0.7% increase over the week.

Key points include:

  • ETH's strong performance against Bitcoin (BTC) attracts investor interest.
  • The ETH/BTC trading pair reached its highest level in 2025 at 0.0368.
  • Weekly spot trading volumes for ETH were nearly three times that of BTC, indicating a market preference shift.
  • ETH/BTC perpetual futures open interest rose to 0.71, the highest in 14 months.
  • Investment funds now hold approximately 6.1 million ETH, up 68% from December 2024 and 75% from April 2025.
  • The fund market premium for ETH increased to an average of 6.44%, higher than previous peaks.
  • Institutional demand may grow further with upcoming staking options within ETH-based ETFs and potential US regulatory clarity.

Bitcoin and Ethereum spot trading volume.
Ethereum (ETH) price chart on TradingView