The ETH/BTC ratio has grown over 40% in the past month, climbing to ~0.031 from as low as ~0.022 on June 23. This gain roughly matches Ethereum’s 60%+ price rally over the last 30 days, fueled by growing institutional interest and massive #Ethereum ETF inflows in July.

Zooming out, $ETH / $BTC has rebounded >70% since its 5-year low near 0.018 in April, a level last seen during the March 2020 Covid crash. The key 0.02 support has held since, with the current recovery reflecting investor confidence in Ethereum and adding to the altseason talk.

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