Lee Flags ETH/BTC Ratio as Crypto Revival Signal

Fundstrat co-founder Tom Lee has made a public call for investors to watch the ETH/BTC ratio as a signal of a potential revival in crypto markets. According to Lee, a rising ETH/BTC ratio could indicate that Ethereum is set to outperform Bitcoin in the next leg of this cycle.

In his July 13 post on WebX 2026, Lee linked a higher ETH/BTC ratio to stablecoin growth, tokenized assets, and clearer U.S. regulatory frameworks as key drivers behind a potential reversal. Currently, the ratio sits near 0.0282, which would need to rise substantially just to reach historically elevated levels.

Lee's public framework and Fundstrat's internal modeling are not irreconcilable, but traders should note the gap between the firm's cautious internal projections and Lee's bullish thesis. A clean move above the 0.0286 level could extend Ethereum's relative rebound, while a rejection at current levels puts support at 0.027 back in play.