Ethereum Outperforms Bitcoin as ETH/BTC Ratio Rises and Bitcoin Dominance Drops Amid Utility Altseason

Ethereum (ETH) is currently outperforming Bitcoin (BTC) in the cryptocurrency market, signaling a shift in investor interest towards utility-focused altcoins. The ETH/BTC ratio has been rising, indicating a potential rotation from Bitcoin dominance to alternative cryptocurrencies. Analysts note that Bitcoin dominance is dropping and technical indicators such as the formation of an evening star candle pattern suggest a trend reversal favoring Ethereum and other altcoins. Despite Bitcoin's price increasing from $32,700 in early 2022 to $103,300 in mid-2025, Ethereum's price has remained steady at around $2,300. Market participants interpret this as a sign of an emerging 'utility altseason,' where money flows into Ethereum and other altcoins with practical applications. This trend is expected to continue, with some forecasting further gains for Ethereum relative to Bitcoin.