Recently, Ethereum has strengthened against Bitcoin, with the ETH/BTC exchange rate rising to approximately 0.0313, reaching a three-month high, but still well below the peak in January.



This improvement in the exchange rate is attributed to the strong activity on the Ethereum blockchain, including an 82% quarterly increase in new users, record-high trading volume, and stablecoin supply reaching a historic high of $180 billion.

Analysts believe that Ethereum needs to regain the ETH/BTC level of 0.035 before the end of this week to indicate sustained market preference for Ethereum, rather than just a short-term rebound, especially considering that Ethereum's price is still more than 50% below its 52-week high. $BTC
BTC-1,01%
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