ETH/BTC hits a three-month high as Ethereum shows renewed relative strength versus Bitcoin

BlockBeats reports that on July 27, the ETH/BTC pair climbed to its highest level in nearly three months, signaling improving relative performance by Ethereum against Bitcoin. ETH/BTC reflects ETH's strength versus BTC rather than moves against the U.S. dollar. Historical data show the cross fell about 80% cumulatively from 2021 to 2025, underscoring a prolonged period of weakness. The latest rebound is drawing attention to whether Ethereum may be entering a phase of relative recovery versus Bitcoin. Analysts say a rise in ETH/BTC often points to stronger investor risk appetite and a more constructive view of Ethereum's ecosystem, including application demand and longer-term growth expectations.