The ETH/BTC ratio rose to a 10-week high, suggesting Ether (ETH) is gaining momentum against Bitcoin (BTC) on the charts.
The ether base has improved somewhat clearer DeFi regulations from the U.S. Securities and Exchange Commission (SEC) have been applauded by the crypto community. At the same time, Bitmine added 71,524 ETH to its Ether vault on Monday.
The ETH/BTC ratio has broken through the bearish trendline resistance that has been in place since August 2025. A daily close above this trendline marks the first breakout in months.
The pair is trading above the 50-day and 100-day exponential moving averages at 0.0310, which are currently providing animated support. Compression between these averages indicates a possible bullish transition if the trend continues.
ETH/BTC on the one-day chart. Source: Cointelegraph/TradingView
XWIN research excellent that the stronger fundamental movement in the Ether market is due to Monday’s SEC session staff statement this explained how DeFi front-end interfaces and wallets could operate without broker-dealer registration under certain conditions, such as the lack of custodial and neutral fee structures. XWIN research added,
“On-chain data confirms this change. Active addresses are trending upwards, indicating network reuse. Meanwhile, Coinbase’s premium gap is improving, suggesting a recovery in U.S.-led demand, often tied to institutional flows.”
As the ETH/BTC pair shows strength, accumulation at the corporate level continues to accelerate. Bitcoin now holds 4.87 million ETH, representing over 4% of the circulating supply, after adding 279,296 ETH in the last 30 days.
Related: Tom Lee Says ‘Mini-Crypto-Winter’ Is Over, Sees Ether Above 60K dollars
Will the Ether bull market resume?
GugaOnChain cryptocurrency analyst excellent acute division in ETH futures positioning. Global open interest reached $16.37 billion on Tuesday, well above its 14-day average. Funding rates on exchanges remain negative at -0.0013%, indicating a miniature position amid the rally.
However, the number of open interest increased to $6.04 billion, representing a daily escalate of 10.47% on Binance. Funding rates on the stock exchange reached positive 0.015%, signaling an escalate in the long position.
This creates a divide between global miniature positions and Binance-based long positions. The analyst added,
“We are dealing with an extreme imbalance. With 40% of global ETH open interest on Binance, the fuel for a surge is ready.”
Ether: open interest on all exchanges. Source: CryptQuant
Related: Ether Holders Return to Profits as ETH Price Expected to Rise to $3,000 dollars
