Ether-bitcoin ratio bounces from 2026 lows, signaling broader crypto recovery

The ETH/BTC ratio hit its highest since January as Ethereum's network added 284,000 new users in Q1 and stablecoin supply reached a record $180 billion. What to know : Ether has recently strengthened against bitcoin, with the ETH/BTC ratio rising to about 0.0313, its highest level in three months but still well below its January peak. The improved ratio is supported by robust on-chain activity on Ethereum, including an 82% quarterly jump in new users, record transaction volumes and stablecoin supply reaching an all-time high of $180 billion. Analysts say ether must reclaim the 0.035 ETH/BTC level on a weekly closing basis to signal a durable rotation into ether rather than a short-lived bounce, especially with the token still more than 50 percent below its 52-week high.