Ether appears poised to achieve a value benefit over BTC because the ETH/BTC ratio soars to a 10-week excessive.
The ETH/BTC ratio has climbed to a 10-week high, suggesting that Ether (ETH) is gaining momentum against Bitcoin (BTC) in the charts.
Ether’s footing has improved as clearer DeFi regulations from the US Securities and Exchange Commission (SEC) were applauded by the crypto community. At the same time, Bitmine added 71,524 ETH to its Ether treasury on Monday.
The ETH/BTC ratio broke through a descending trendline resistance that had been in place since August 2025. A daily close above this trend line marks the first breakout in months.
The pair trades above the 50-day and 100-day exponential moving averages at 0.0310, both of which are now acting as dynamic support. The compression between these averages points to a possible bullish crossover if the trend continues.
XWIN Research noted that a stronger underlying shift in Ether is driven by a Monday SEC staff statement that explained how DeFi front-ends and wallet interfaces can operate without broker-dealer registration under defined conditions, such as no custody and neutral fee structures. XWIN Research added,
“On-chain data supports this shift. Active addresses are trending upward, indicating renewed network usage. Meanwhile, the Coinbase Premium Gap is improving, suggesting a recovery in U.S.-driven demand, often linked to institutional flows.”
As the ETH/BTC pair shows strength, corporate-level accumulation continues to accelerate. Bitmine now holds 4.87 million ETH, accounting for over 4% of the circulating supply, after adding 279,296 ETH over the past 30 days.
Related: Tom Lee says ‘mini crypto winter’ is over, sees Ether above $60K
Will an Ether bull market resume?
Crypto analyst GugaOnChain noted a sharp divide in ETH futures positioning. The global open interest reached $16.37 billion on Tuesday, sitting well above its 14-day average. Funding rates across exchanges remain negative at -0.0013%, indicating a short positioning against the rally.
However, open interest climbed to $6.04 billion, a 10.47% daily increase on Binance. Funding rates on the exchange turned positive at 0.015%, signaling rising long positioning.
This creates a split between global shorts and Binance-based longs. The analyst added,
“We face an extreme imbalance. With 40% of global ETH Open Interest on Binance, the fuel for a violent move is ready.”
Related: Ether holders back in profit as ETH price aims for rally to $3K
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