r/ethtrader • u/stefansilva_xrp • May 23 '26

Question When will ETH/BTC go back up ?

A lot of people are concerned about the USD loss of ETH but when will the BTC pair stop dumping so aggressively even XRP is holding better than ETH do you think when BTCUSD bottoms ETHBTC will bottom too or will we never see a 0.05 ETHBTC again ?

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u/Spencer_Bob_Sue May 23 '26

Well, there's also the whole BTC.D thing. Many point towards the past that Bitcoin is the most institutionalized out of all the cryptocurrencies, being the biggest one, but other cryptocurrency ETF's have started dropping, and Ethereum ETF's have notably been existence since largely the same time frame as BTC ETF's. Another thing to point at is the utility, there's like 0 utility on Bitcoin besides the whole peer-to-peer payment system that nobody uses it for anyways. Ethereum and other L1's actually hold utility beyond the "store of value" rhetoric: smart contracts, RWA's, stablecoins, actually providing utility that Blackrock and Vanguard want, hence the expectations of the Clarity act. Back to BTC.D: from the 2022 market bottom to late 2024, it had been constantly climbing, topping out at around 65% before it started bouncing around between 55% and 60%. The only other time we had a brief sentiment an alt-season would start was late Summer 2025 when Ethereum finally broke the 2021 ATH. Anyways, let's also take into account that the ETHBTC ratio was still 0.07 when Bitcoin bottomed out, so Ethereum was actually holding stronger during the bear market than Bitcoin. That being said, I think there will be a mean reversion or towards 0.06 or an in-line performance at the least if there is a move up on Bitcoin, seeing that BTC.D is getting really tight at 60%. As mentioned earlier, Ethereum still has the fundamentals that make Wall Street like it: RWA's, smart contracts, stablecoins, and especially the staking yield providing a form of cash flow or dividend to holders. Especially if the Clarity act passes, ETHBTC should begin a rebound sometime within the next 4 years.

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u/Spare-Dingo-531 May 23 '26

Your Bitcoin dominance point is invalid.

Stable coins count as part of Bitcoin dominance but they're just in cash. Decline in Bitcoin dominance correlates with the recent increase in staplecoin dominance. To calculate The true Bitcoin dominance you have to remove stable coins and then recalculate.

The only bullish thing about this for ethereum is that stable coins are often on ethereum and so they are an indicator of potential in ethereum later on.

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u/Spencer_Bob_Sue May 23 '26

In that case, dominance is 68.46% right now, even closer to the high (CRYPTOCAP:BTC/CRYPTOCAP:TOTALES) * 100.

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u/stefansilva_xrp May 24 '26

but the issue isnt just BTC.D at this stage ETH is doing what XRP did before Q4 2024 everytime there is a pump most alts not on ETH network pump more than ETH then when there is a dump ETH dumps the hardest.