Tom Lee, BitMine’s chairman and co-founder at Fundstrat, has advised investors to monitor the Ethereum-to Bitcoin ratio as a sign of an broader cryptocurrency recovery.
The following is a summary of the information that you will find on this page.
- Tom Lee claims that an increase in ETH/BTC could be a sign of renewed demand on the cryptocurrency market.
- Ether, which has recovered from its local low in early June, is currently testing resistance around 0.0286 BTC.
- Rotation is suggested by the falling Bitcoin dominance, and improved altcoin metrics. However, there are still few confirmations.
Lee called ETH/BTC a “fraud” in a blog post he wrote on 13 July, just days before his WebX 2020 appearance in Tokyo. “signal of a revival of crypto.” The statement is more of a market opinion than a guarantee trading signal. WebX has listed Lee as a keynote between 11:25 and 11:55 on the CRYL stage.
This ratio indicates how many Bitcoins one Ether is worth. The ratio will show if Ethereum has gained against Bitcoin. A falling reading indicates that Bitcoin is in the lead. ETH/BTC has recently climbed to 0.02858, after recovering from a low of 0.026 in early June.
The ratio was later near 0.0282, indicating that the pair had remained in its previous resistance zone. At the time we checked, Ether was trading around $1800 and Bitcoin near $63,700.
After the June rally, ETH/BTC is now testing its resistance.
It has made higher lows ever since the beginning of June but is still facing a ceiling at around 0.0286. The traders have been watching that level as several attempts to recover stalled at this level. Ethereum’s relative rally could be extended if the price moves above this level. One more rejection would bring back attention to the June support level near 0.026 and to the support area around 0.027.
The overall trend continues to be mixed. ETH/BTC remained below the level of three months prior despite its recovery in July. Crypto.news reported that Ether fell harder than Bitcoin throughout 2026. This pushed the ratio to multi-year lows.
The gap in the Bitcoin ETF was caused by a strong demand for Bitcoin ETFs, lower Ethereum fund flows and other network competition. The ratio should be higher to indicate a shift from the current pattern.
The shift in Bitcoin and Altcoin Measures
Lee made the call at a time when Bitcoin’s percentage of the crypto market is slipping from recent heights. CoinGecko placed Bitcoin dominance is nearing 56.2%. However, other tracking methods showed different readings. The falling dominance can be a sign that the capital has shifted to Ether, other digital assets and stablecoins.
Altcoin Season Index also showed improvement, with a reading of 58. The reading is below the usual threshold of 75 used to determine a full season for altcoins. This rise is a sign that large altcoins are now outperforming Bitcoin. However, it doesn’t confirm an overall market shift. Many smaller tokens are still trading well below the 2025 peak. This measure is based on the top 90 assets and excludes asset-backed tokens, stablecoins, and other tokens.
ETFs and BitMine purchases remain a focus
Ethereum is put to the test again by fund flows. As crypto.news reportedAfter weeks of intense pressure, U.S. Ethereum spot ETFs resumed daily net flows in the beginning of July. BlackRock ETHA, which is the largest fund in this category, brought in $14.9 million.
A positive day in July did not cancel out the previous month’s losses, and traders will need to see a steady increase in demand. Ethereum’s stake rate also exceeded 33% and reduced the liquid supply that is available.
Another source of funding has come from corporate buying. BitMine says its Ethereum treasury reached 5.74 million ETHAbout 4.8% of the supply is.
Lee has tied Ethereum’s prospects to growth in stablecoins and tokenized assets as well as clearer U.S. laws. These claims are still forward-looking. For the moment, ETH/BTC has to maintain its recovery before Lee can make his announcement. “revival” view gains stronger market confirmation.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: crypto.news
