Ethereum, once written off by skeptics, is quietly staging a strategic comeback. Despite lagging behind Bitcoin for much of the past four years, a pivotal shift emerged in April 2025 — multiple signals now suggest the ETH/BTC ratio has firmly bottomed around 0.017.
Chart Pattern Mirrors 2019 Bullish Awakening
A closely watched chart reveals an encouraging trajectory: the ratio surged from its low to a peak of 0.043, reflecting renewed investor appetite for Ethereum. While a market-wide correction in October pulled the ratio back to 0.034, the pullback held above the prior lows, forming a potential double bottom — a classic sign of bullish accumulation.
Market Sentiment Aligns with Past Breakouts
Data from on-chain analytics firm Santiment shows current sentiment patterns around Ethereum closely resemble those seen before major price rallies. This psychological inflection point often precedes capital rotation into altcoins.
- Real-world asset (RWA) tokenization is gaining momentum, with more traditional assets being issued on Ethereum
- Developer activity remains robust, signaling strong ecosystem vitality
- Layer2 expansion and protocol upgrades enhance scalability and user experience
Together, these dynamics lay the foundation for Ethereum’s next growth leg. With increasing institutional interest and technological maturity, ETH may outperform in the next market cycle if macro conditions align.