Ether-Bitcoin Ratio Hits Three-Month High at 0.03
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- ETH-BTC ratio climbed to 0.03, the highest level since late April, according to TradingView data.
- Ether is trading above its 200-day simple moving average for the first time since January, a key technical threshold.
- Ether has rallied more than 20% since the crypto sell-off bottomed on June 6, fueling speculation of an impending altcoin boom.
- Bitcoin still dominates the overall crypto market at 59% of total capitalization, underscoring how far ether would need to run before challenging BTC's lead.
Why it matters: Ether's break above its 200-day SMA and 20%+ rally since the June 6 trough could signal the early innings of a broader altcoin rotation — yet bitcoin's 59% market share dominance shows that shift remains nascent, not realized.
