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Divergence01CRYPTO2026-04-30

ETH/BTC Ratio Rebounds From 91-Day Low — Still 11% Below January Peak

The ETH/BTC ratio closed at 0.02999 on April 28, rebounding from its 91-day low of 0.02858 but remaining 11% below the January peak of 0.03371. Despite near-identical 30-day returns for both assets, ETH has underperformed BTC by 940 basis points since January, a divergence that may signal early-stage capital rotation but remains unconfirmed as structural.

Supporting queries

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Conclusion

ETH/BTC ratio Apr 28 = 0.02999; 91-day high = 0.03371 (Jan 28); 91-day low = 0.02858 (Feb 15); 91-day avg = 0.03012. Monthly snapshots: Jan 28 = 0.03371, Feb 28 = 0.02933, Mar 28 = 0.03006, Apr 28 = 0.02999. BTC 30d = +15.7%, ETH 30d = +15.4%. Since Jan 28: BTC −14.4% ($89,193 → $76,353), ETH −23.8% ($3,007 → $2,290), gap = 940 bps. Recent rebound above 0.030 follows February lows, consistent with cyclical recovery patterns observed in early 2026.

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