Since the beginning of summer 2026, Ethereum has shown better dynamics compared to Bitcoin. Since early June, ETH has risen by 25%, while Bitcoin has increased by 5%. By September 14, in 14 weeks, Bitcoin only outperformed ETH in growth five times. The price of Ethereum remains above $2,500, while Bitcoin is consolidating around $77,000. In August, ETH gained over 33% compared to 23% for BTC.
This dynamic has formed a technical rebound after ten months of decline for ETH relative to BTC: from August 2025 to June 2026, Ethereum lost nearly 40%. The decline was accompanied by criticism of the network's economic model, including burning and staking. Vitalik Buterin has announced major changes and increasingly evaluates Bitcoin positively – previously, he criticized it for technological inefficiency.
Since the beginning of the year, BTC-ETFs have recorded an outflow of about $1.5 billion, while ETH-ETFs have seen an inflow of over $1 billion by mid-September. August was a key month for inflows, exceeding $3.5 billion, the highest since mid-2025. On the ETH/BTC chart, a "golden cross" formed in mid-August: the 50-day average crossed the 200-day average from below. On the Bitcoin chart, the "cross" appeared on September 8. BitMine CEO Tom Lee called ETH the most profitable macro asset of the quarter, outperforming the S&P 500, and noted that this could encourage institutional investors to increase their investments in cryptocurrencies.
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