Over the past month, the ETH/BTC ratio has climbed nearly 33%, reflecting Ethereum’s relative strength against the world’s largest cryptocurrency.
While Bitcoin briefly surged to a record $124,128 on Thursday before slipping more than 5% to around $117,900, Ethereum came within striking distance of its own all-time high of $4,878 from 2021. The token was just 1.94% short of that milestone before pulling back to roughly $4,448.
Santiment’s analysis suggests that Bitcoin chatter online became “frothy” as it hit new highs, with posts dominated by overly bullish language. In contrast, enthusiasm for Ethereum has been more restrained, with fewer calls to “buy the dip.” Historically, such differences in sentiment have given the quieter asset more room for upside moves.
Analysts have also been growing more optimistic on Ethereum’s long-term outlook. Standard Chartered recently raised its ETH price target for 2025 to $7,500, nearly doubling its previous forecast.
Meanwhile, independent trader Yashasedu argued that if Bitcoin climbs toward $150,000 — a widely discussed target in the current bull cycle — Ethereum could surge to over $8,600, based on its typical market cap relationship to BTC in past cycles.
With institutional interest rising and stablecoin adoption accelerating under new U.S. regulations, Ethereum’s fundamentals continue to strengthen. And with sentiment still cooler than Bitcoin’s, Santiment says ETH may have the healthier path in the weeks ahead.
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