Key Takeaways
Ethereum surged almost 19% in August as Bitcoin dropped 6.5%. Within the ETH vs. BTC race, Ethereum seems sharp and Bitcoin feels caught. Might September lastly tip the momentum in ETH’s favor?
Ethereum [ETH] has clearly outpaced Bitcoin [BTC] in August ROI.
Wanting again, BTC has had a tough historical past in August, logging back-to-back crimson closes over the previous three years, with the most recent printing a -6.49% transfer.
ETH wasn’t immune both, averaging -13% drawdowns within the 2022–24 stretch, even outperforming BTC’s -10.67% web bleed. This yr, although, the tape flipped.
ETH broke clear from BTC value motion.
In reality, ETH surged +18.78% in August, almost 3× Bitcoin’s losses. That chalked up Ethereum’s first actual month-to-month divergence in years.
Supply: CryptoRank
ETH/BTC ratio reclaims key resistance
Fueling Ethereum’s outperformance is the ETH/BTC ratio. The pair closed August up +27.05% from its 0.031 open.
Extra importantly, ETH/BTC reclaimed the 0.04 resistance for the primary time since election month, so in the end reinforcing a decisive divergence from Bitcoin.
Supply: TradingView (ETH/BTC)
All in all, ETH’s August dominance wasn’t about BTC dropping steam; it was straight-up rotation. In response to AMBCrypto, that’s the sort of divergence that makes an identical September rally really feel something however far-fetched.Â
Ethereum’s 3x outperformance hints at September setup
In crypto, liquidity rotates to setups with outsized upside. ETH’s August divergence laid the groundwork for a possible September leg greater, with merchants eyeing repeat ROI.
In that case, if BTC rips +10%, ETH strains up close to $5,711, clocking the three× relative outperformance.
Backing the transfer is Sensible Cash rotating into ETH, the ETH/BTC ratio reclaiming key resistance, and stronger MoM ROI, all pointing to Ethereum conserving its edge over Bitcoin this month.
Supply: TradingView (ETH/USDT)
Why this divergence stands out
Throughout 2025, Ethereum diverged from Bitcoin thrice. And but, in every case (January, April, and June) ETH nonetheless closed crimson whereas BTC completed inexperienced.
That’s precisely why August’s breakout stands out.
In response to AMBCrypto, this wasn’t a one-off rally however a structural shift in ETH/BTC momentum.
Because of this, the divergence paves the way in which for ETH’s August-style 3× run in opposition to Bitcoin, with targets lining up close to $5,700.
