ETH/BTC Ratio — How Ethereum Performs vs Bitcoin
The ratio is currently 0.0266 (+0.23% in 24h). 1 ETH = 0.0266 BTC = 2,660,000 satoshis.
ETH/BTC Ratio Chart
At 0.0266, the ratio is near multi-year lows. Historically, levels below 0.030 have been mean-reverting on long enough horizons, though they can persist for months.
Historical Milestones
| Date | Ratio | Event | Context |
|---|---|---|---|
| Jun 12, 2017 | 0.156 | ETH ATH vs BTC | DeFi pre-bubble, ICO mania peak |
| Sep 8, 2019 | 0.017 | ETH ATL vs BTC | Crypto winter low — 89% drawdown from ATH |
| Sep 1, 2020 | 0.040 | DeFi Summer top | Uniswap launch + yield farming, ratio doubled in 3 months |
| Dec 1, 2021 | 0.087 | Last cycle peak | Pre-merge anticipation |
| Sep 15, 2022 | 0.080 | The Merge | ETH PoS transition — modest ratio bump |
| Mar 14, 2024 | 0.057 | BTC halving + ETF flows | BTC ETF dominance suppresses ratio |
Yearly Snapshot (each January 1)
- Live value pulled hourly from CryptoCompare's ETH/BTC mid-price
- Ratio = ETH price ÷ BTC price, expressed as how many BTC one ETH is worth
- Daily history goes back to Aug 2015 (ETH genesis) via CryptoCompare's
histodayendpoint - Cache TTL 1h, hourly cron warmup at minute :15 (offset from the other 3 macro indicator crons)
- Snapshot table: 1000 daily data points stored
Frequently Asked Questions
What is the ETH/BTC ratio?
The ETH/BTC ratio expresses how many bitcoin one ether is worth. If the ratio is 0.05, then 1 ETH equals 0.05 BTC. It is the single cleanest measure of Ethereum's performance relative to Bitcoin — independent of USD price action.
How is the ETH/BTC ratio calculated?
We pull the live ETH/BTC mid-price from CryptoCompare every hour and store the daily close in a history table. The chart on this page uses ~10 years of daily closes from Aug 2015 (ETH genesis) to today.
What is a satoshi ratio?
Satoshis are the smallest BTC unit (1 BTC = 100,000,000 sats). At 0.0266 BTC per ETH, 1 ETH equals 2,660,000 satoshis. Traders quote ETH in satoshis to remove fractional decimals when discussing small alt pairs.
When did ETH peak against BTC?
ETH hit its all-time high vs BTC on June 12, 2017, at approximately 0.156 BTC per ETH — the apex of the DeFi pre-bubble and ICO mania. The ratio has never reclaimed that level despite ETH posting higher USD-denominated highs in 2021.
Why does the ETH/BTC ratio matter?
It strips out the USD-denominated noise (which moves both assets together during macro events) and isolates whether capital is rotating from BTC into ETH (and by extension altcoins) or the other way around. Combined with Bitcoin Dominance, it's one of the cleanest reads of crypto market leadership.
What does a rising ratio mean?
A rising ETH/BTC ratio means ETH is outperforming BTC — buyers prefer ETH on the margin. Historically, sustained rises above 0.06 have coincided with altcoin seasons. A falling ratio means the opposite: BTC is consolidating leadership.
Why is the ETH/BTC ratio at multi-year lows right now?
Since the BTC spot ETF approval in January 2024, large capital inflows have concentrated in Bitcoin specifically rather than the broader crypto market. The dominant 2024-2026 narratives (AI tokens, real-world assets) have not been ETH-centric, and Ethereum's post-Merge supply emissions remained net-positive longer than expected. The result has been sustained ETH underperformance versus BTC.