The ratio of ether-bitcoin (ETH/BTC), which measures the price of ether (ETH) in relation to the Bitcoin (BTC) price, did not recover 0.05, despite the ETH acceptance by the institutions and the historical price in July and August, which took ETH to modern highest levels.
ETH/BTC remained below 0.05 since July 2024, and the indicator reached the peak in June 2017, when it reached the highest level of 0.14, according to What a ring. The indicator current is 0.039, down from 0.04 achieved in August.
The indicator fell to the 5-year lowest level in March, falling to 0.02, among macroeconomic uncertainty and growing trade tensions between the United States and their trade partners.
However, the cryptocurrency market regained, gathering to modern ups in the following months. The price of Etern reached a series of height in August, reaching the highest level of USD 4,957 on August 24, after which it fell by about 6.7% to the current price level.
The price of the ether has increased by about 155% since July, because financial institutions accept the token for tax purposes, classic capital investors buy ETH via current funds (ETF), and the Ethereum Foundation transfers the network to Wall Street.
Related: Ether explodes against BTC, but modern ups depend on 4.7 thousand. USD
Ethereum exceeds BTC only 15% of the time from the premiere
Ether exceeded BTC only 15% of the time from the moment he was launched in 2015, According to for market analyst James Check.
Check data shows that most ETH results took place in 2015-2017, after launching the world’s first knowledgeable contracting blockchain platform and the initial boom of the coins (ICO) offer from 2017.
However, from 2020 BTC exceeded ETH, according to the analysis of price history made available in April.
Market analysts forecast when Ethereum reaches a milestone of USD 5000, which it omitted narrowly in August by about USD 43 before he regained its current levels.
“Thanks to ETH near previous ATHS, we can consolidate a bit, taking into account the very large trick in such a short time,” said Cointelegraph during the rally in the August Rally Jake Kennis.
The analyst stated that ETH may take weeks or months to reach modern Maksa of all time after a balmy price rally in August.
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