ETH/BTC Ratio Reaches 10-Week High as Ether Gains Momentum Against Bitcoin

The ETH/BTC ratio has climbed to a 10-week high, suggesting that Ether is gaining momentum against Bitcoin in the charts. This increase in the ETH/BTC ratio can be attributed to several factors, including clearer DeFi regulations from the US Securities and Exchange Commission (SEC) and corporate-level accumulation.

Clearer DeFi regulations have provided a boost to Ether's footing, as explained by XWIN Research. The research firm noted that an April 13 SEC staff statement clarified how DeFi front-ends and wallet interfaces can operate without broker-dealer registration under defined conditions. This development has led to a stronger underlying shift in Ether.

On-chain data also supports this shift, with active addresses trending upward and the Coinbase Premium Gap improving. The latter suggests a recovery in U.S.-driven demand, often linked to institutional flows. Corporate-level accumulation continues to accelerate, with Bitmine holding 4.87 million ETH, accounting for over 4% of the circulating supply.