Ethereum hits three-month high against Bitcoin as ETH outpaces BTC by triple

Ethereum outperformed Bitcoin over the past month, pushing the ETH/BTC ratio to about 0.03 on July 27, its highest level in three months. ETH gained roughly 24% in the month versus Bitcoin’s 8%, and the ratio moved above its 200-day simple moving average for the first time since January. The article frames this as a potential sign of early altcoin rotation, though Bitcoin dominance remains elevated at around 59%. Institutional interest also supported the move: Bitmine Immersion Technologies added 9,946 ETH, worth about $19.4 million, lifting its total Ethereum holdings to 5.79 million ETH, or roughly 4.8% of circulating supply. Overall, the piece is bullish on ETH relative to BTC and suggests further upside if the ratio revisits January’s 0.038 level.