ETH/BTC ratio falls to 10-month low as ether continues to underperform bitcoin

Widely followed crypto market gauge signals weakening risk appetite as investors continue favoring bitcoin over ether. What to know : The ETH/BTC ratio dropped to 0.02835 on Tuesday, its lowest level since July 2025, and is now down more than 35% from its August peak of 0.04324. The ratio remains well below its 200 week moving average of 0.04828, reinforcing the long term bearish trend for ether relative to bitcoin amid continued bitcoin ETF driven outperformance.