ETH/BTC Ratio Nears 0.03 as Ethereum Gains on Bitcoin
Summary
Ether gained about 2.3% against bitcoin from October 29 to November 3, reaching roughly 0.02954 BTC, despite both assets falling in dollar terms. In the November 1–2 session, ETH declined less than BTC, strengthening its relative performance. ONDO, often treated as an “ETH beta” token, fell more sharply: it lost 4.5% in dollars and about 3.5% against ether. The comparison suggests ONDO did not amplify ether’s relative strength in that session. The piece recommends tracking ETH/BTC and ONDO/ETH over multiple sessions, noting that one day is insufficient to establish a reliable relationship.
