Is Ethereum finally taking the driver's seat from Bitcoin? 📉➡️📈
The $ETH / $BTC ratio just surged to a 3-month high of 0.030, driven by a massive +16% monthly performance spread in favor of Ethereum (+24% vs. +8%).
The latest KuCoin blog breaks down the fundamental forces behind the momentum shift:
📊 Reclaiming the 200-Day SMA: The cross-rate has officially reclaimed its 200-day Simple Moving Average for the first time since January, signaling a technical trend reversal.
🌊 ETF Flow Flippening: U.S. Spot Ethereum ETFs recorded $103.9M in weekly net inflows—outpacing Spot Bitcoin ETF inflows by a factor of 3-to-1.
🔒 The Supply Vortex: Public treasury accumulation (Bitmine holding ~4.8% of circulating supply), a zero validator exit queue, and 2.5M ETH waiting in the staking entry queue have squeezed spot liquidity.
⚙️ "Glamsterdam" Horizon: Institutional RWA dominance exceeds $17B on Ethereum, with the H2 2026 "Glamsterdam" upgrade set to introduce parallel processing and slash L1 fees by over 70%.
Is this just a short-term liquidity rebound or the start of a full-scale market rotation? Read the full technical breakdown here:
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