ethbtc

$ETH is down 7% in 24 hours, sitting near $2,264 after tagging $2,236. Ugly candle. But zoom out one level and look at ETH priced in bitcoin, and the picture changes: the ETH/BTC ratio is still up about 2.6% on the week.
That's the part most people miss on red days like this. When everything bleeds, the question isn't only "how much did ETH drop?" It's "did it drop more or less than the thing it competes with for capital?"
What the ratio is doing
ETH/BTC is at 0.02966 on Binance spot. On Oct 30 it printed a low of 0.02835, the weakest level of the last three months. From there it climbed for five days and on Nov 4 closed at 0.03013, the first daily close back above 0.030 since mid-October. Today it gave back about 1.9%, but it's still holding above where it was a week ago (0.0289).
So the ratio pulled back today, yet the week-long bounce off the lows is still intact.
The bigger frame
Over 30 days the story is less friendly. ETH is down 16% in that window, while $BTC is down about 10.7%. That gap is exactly why the ratio is still 5.9% lower than a month ago. Early October it was hanging around 0.0315, then it broke down hard in a few sessions.
Over 90 days, though, the two are almost tied: ETH +18.2%, BTC +17.6%, ratio basically flat (+0.5%). In other words, ETH hasn't really lost the quarter to bitcoin. It lost October, and it's been clawing some of that back in November.
Three levels I'm watching on ETH/BTC
1. 0.0300. The round number it just reclaimed on a closing basis and lost again today. Getting back above it and holding would say the Oct 30 low was a real bottom for the ratio.
2. 0.0284. The Oct 30 low. If the ratio slides back there while BTC is also falling, that's the classic "alts get hit twice" scenario, and ETH would likely underperform any further market flush.
3. 0.0315. The early-October shelf. That's where the breakdown started, so it's the first area where sellers who got trapped may want out.
Why it matters even if you only trade dollars
The ratio tells you which side of the risk curve the market is leaning on. When ETH/BTC rises during a dip, money is rotating into ETH rather than fleeing it. When it falls during a dip, ETH tends to drop harder than BTC, and the bounce is weaker too.
Right now we're in a mixed state. In dollar terms both are red: BTC is down 5.2% to around $76,380 after trading as high as $80,962 in the last 24 hours, and ETH's 24h range was $2,236 to $2,444. In ratio terms, ETH is still ahead of where it started the week.
How I'd frame the next few days
If BTC stabilizes above today's low near $75,568 and ETH/BTC holds above 0.029, the November ratio bounce stays on track. If BTC keeps sliding and the ratio loses 0.0290, I'd expect ETH to lag on the way down and treat any bounce with more caution.
Neither outcome is guaranteed. Volatility is elevated, and a single macro headline can flip both charts in an hour. Size positions so a bad day like today doesn't force your hand.
What's your read: does ETH/BTC reclaim 0.030 this month, or retest the Oct 30 low first?
Not financial advice.
#ETHBTC #Ethereum #CryptoAnalysis

Every few weeks the timeline declares "alt season is loading." So I pulled 30 days of Binance daily closes for seven majors and lined them up against $BTC . The scoreboard is not kind to the alts.
THE 30-DAY TABLE (Oct 5 close vs. live price)
BTC -6.1%
BNB -8.6%
HYPE -9.2%
ETH -10.1%
XRP -12.8%
STRK -17.1%
SOL -19.9%
Seven coins, one red month, and Bitcoin lost the least. That's the classic shape of a risk-off tape: when money gets nervous it hides in the deepest, most liquid asset, and everything further out the curve bleeds faster on the way down.
THE LAST 24 HOURS
BTC tagged $75,736 in the last day, its lowest print of the whole 30-day window, then bounced to around $80,530 (+3.6% on the day, roughly +6% off the low). The 30-day high sits at $86,999, so price is still about 7% below where it topped this month. A V off a monthly low is constructive, but one green day doesn't erase a month of lower highs.
WHERE THE ALTS ARE ACTUALLY WINNING
Zoom in to seven days and the picture shifts. ETH is +3.2% on the week and HYPE +5.9%, while BTC is about -1%. Today $ETH led the bounce at +5.9%, running from $2,226 to around $2,435.
The ETH/BTC ratio tells the same story in one number: 0.0316 a month ago, down to 0.0290 a week ago, now back near 0.0302. That's a real relative bounce, but it hasn't reclaimed the starting level. Alts are winning the sprint, BTC is still winning the race.
SOL is the other side of the trade: -5.6% on the week and nearly -20% on the month, the weakest large cap on this list. BNB (-5.4% weekly) and XRP (-0.8%) are mostly drifting with the market.
THE CAUTIONARY TALE: $STRK
If you want to know why BTC keeps winning these comparisons, look at STRK's chart. It went from a $0.0491 close on Oct 7 to a $0.1265 high on Oct 11, more than 2.5x in four days. On a closing basis it was +133% for the month at the peak. Today it trades around $0.0438, below where the run started and roughly 65% under that high.
That's the alt trade in a nutshell. The upside is fast and real, but if you don't take profit into the spike, the round trip can be just as fast. Small caps like STRK can move ±20% in a day with thin order books, so size accordingly.
WHAT WOULD CHANGE MY MIND
For a genuine rotation from BTC into alts, I'd want to see:
1. ETH/BTC holding above 0.030 and pushing back toward 0.0316, not just a one-day spike.
2. Alts outperforming on red BTC days, not only on green ones. Today every major except HYPE rallied together, which looks more like a broad relief bounce than rotation.
3. BTC building a base above the fresh monthly low near $75.7K. A weak leader rarely produces a healthy alt season.
THE TAKEAWAY
Over 30 days, the boring choice won. Over 7 days, ETH and HYPE are showing some relative strength worth watching. If you trade alts here, treat it as a short-term relative-strength play with a clear invalidation, not as the start of a new cycle until the ratios confirm it.
Are you rotating into alts on this bounce, or sitting tight in BTC until ETH/BTC proves itself?
Not financial advice.
#BTCvsAlts #CryptoMarket #ETHBTC