Analysis: ETH/BTC exchange rate rises to a 10 week high, Ethereum has recently performed better than Bitcoin Odaily Planet Daily News: The ETH/BTC exchange rate has risen to a 10 week high, and Ethereum has recently performed better than Bitcoin. This ratio has broken through the resistance level of the downtrend line since August 2025 and stood on the 50 day and 100 day moving averages of the index. XWIN Research pointed out that the employee statement released by the US Securities and Exchange Commission on April 13th explained that DeFi front-end and wallet interfaces do not require registration as broker dealers under conditions such as non custodial and neutral fee structures, which has driven the strength of Ethereum. On chain data shows an upward trend in active addresses, and the Coinbase premium gap is also improving, indicating that demand from US institutions is recovering. Enterprise level accumulation is accelerating. Bitmine has increased its holdings by 279000 ETH in the past 30 days and currently holds 4.87 million ETH, accounting for over 4% of the circulating supply. In terms of futures markets, the global ETH open interest contracts reached $16.37 billion, with negative funding rates indicating bearish dominance. However, the open interest contracts on Binance increased by 10.47% to $6.04 billion, with funding rates turning positive, creating an extreme imbalance between global bearish and Binance positions.