Tom Lee highlights ETH/BTC ratio as leading crypto market signal

Cointurk2026/07/13 07:21

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Tom Lee, a well-known financial analyst and co-founder of Fundstrat, has urged investors to pay close attention to the Ethereum/Bitcoin (ETH/BTC) trading pair, describing it as a vital indicator for the digital asset market’s direction.

ETH/BTC ratio approaches key resistance Altcoin season index rises, ETH products gain traction

ETH/BTC ratio approaches key resistance

In a post on X ahead of his participation in the WebX Asia conference in Tokyo, Lee described the ETH/BTC ratio as a “signal of a revival of crypto.” He stated that shifts in this metric often herald significant moves across the broader market.

The ETH/BTC pair is currently valued at 0.02858 BTC, reflecting a daily gain of 0.92%. Despite this short-term advance, the pair has dropped 7.72% over the past three months. The chart reveals a rapid decline that began in May, pushing the ratio from highs near 0.032 down to approximately 0.026 in early June.

After bottoming out at 0.026, ETH/BTC has staged a choppy but steady ascent, forming a pattern of higher lows. Its latest movement in early July delivered a sharp upward push. Currently, the pair is testing a horizontal resistance near 0.0286, a technical barrier that has consistently held over recent weeks.

Time Period ETH/BTC Value % Change

Peak (May)	0.032	—
Local Bottom (June)	0.026	-18.75%
Current (Early July)	0.02858	+0.92% (daily)

Mini dictionary: Tom Lee is a co-founder of Fundstrat, a financial research firm known for market analysis, particularly in equities and cryptocurrencies.

Altcoin season index rises, ETH products gain traction

Recent data show that CoinGlass’s Altcoin Season Index, which reflects market momentum for alternative cryptocurrencies, has increased to 58. This trend suggests that altcoins are gaining relative strength as Bitcoin’s share of the overall cryptocurrency market declines.

Bitcoin’s market dominance has slipped from 58.12% to 56.3% in recent days. This coincides with continued outflows from Bitcoin-focused funds. Meanwhile, capital in exchange-traded funds is shifting toward products tied to Ethereum, XRP, and Solana (SOL), signaling growing investor interest in these networks.

The shift in fund flows highlights changes in market sentiment, favoring altcoins as investors diversify away from Bitcoin.

Tom Lee believes the ETH/BTC ratio provides an early signal for turning points in the digital asset sector, pointing to the importance of tracking this pair for indications of market recovery.

As ETH/BTC continues to test a longstanding resistance level, analysts are watching closely for signs of a decisive breakout that could mark the start of a broader rally across alternative cryptocurrencies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

AI giants have made a rare joint call to slow down the development of advanced models. The South Korean and Japanese stock markets have declined, with the Seoul Composite Index falling over 3% and the Nikkei 225 Index dropping more than 2%. SoftBank plunged 11% in a single day, while SK Hynix dropped over 5%. Meanwhile, Saudi Arabia has shut down oil pipelines, pushing Brent crude prices up to $107. Combined with the US CPI exceeding expectations, the probability of a Fed rate hike on Wednesday is now over 90%. The double whammy has led to a turbulent opening for Asian markets.

华尔街见闻•2026/09/14 01:31

AI development slows down and oil prices soar; Japanese and Korean chip stocks are hit first, SK Hynix drops over 5%, SoftBank plunges 11%

华尔街见闻•2026/09/14 01:26

ASIC and optical interconnects drive high-speed growth! Bank of America strongly supports the soaring Marvell (MRVL.US), claiming there's still 55% upside potential

Bank of America maintains its $365 price target for Marvell, citing its focus on expanding revenue per AI system through custom AI accelerators (i.e., AI ASIC/XPU) and supporting optical interconnect chips, driven by massive demand for AI agents. Compared to the September 11 closing price of $236.10, this target implies a potential upside of approximately 54.6%.

智通财经•2026/09/14 01:26

ASIC and optical interconnects drive high-speed growth! Bank of America strongly supports the soaring Marvell (MRVL.US), claiming there's still 55% upside potential

Gold Trading Alert: Inflation and Geopolitical Turbulence Intertwine, Fed Rate Hike Countdown—Will Gold Prices Rebound This Week or Is This the Last Escape Opportunity?

汇通财经•2026/09/14 01:00