The ETH/BTC ratio, a key measure of Ethereum’s (ETH) strength against Bitcoin (BTC), has stayed below 0. 05 for more than a year, highlighting Ethereum’s struggle to gain ground against the largest cryptocurrency even during what many analysts described as an ‘Ethereum season. ’ According to Bitget’s Chief Analyst, Ryan Lee, Bitcoin’s role as the market’s ‘anchor asset’ explains why Ethereum continues to lag. He also shared with BeInCrypto what conditions would be needed for ETH to close the gap finally
source: https://beincrypto.com/eth-btc-ratio-ethereum-bitcoin-analysis/