Ethereum Bull Run Incoming? Tom Lee Sees ETH/BTC Breaking Higher

Ethereum’s ETH▲$1,761.17/BTC▲$62,630.00 chart is one of the most important indicators for a potential bullish shift in the cryptocurrency market. Bitmine’s chairman and analyst Tom Lee expects to see ETH/BTC move higher and sees potential for an Ethereum bull run to start after years of Bitcoin dominance.

While ETH price in fiat terms is important, the critical question is whether it can outperform Bitcoin. A higher ratio means that ETH is gathering more relative value compared to BTC, which should also have implications for the overall structure of the crypto market.

Related: Ethereum Updates 2026: Can Vitalik Buterin Keep ETH in the Top 3? The Roadmap That Could Decide Ethereum’s Future

In particular, the ETH/BTC chart has greater importance for those tracking the Ethereum price prediction 2026.

ETH/BTC Breakout Would Signal Ethereum Reversal

ETH/BTC is a ratio that represents the price of Ethereum against Bitcoin. The chart frequently underlines which cryptocurrency is outperforming – rising faster against the dollar or outpacing the rival blockchain’s price growth.

Ethereum has had a substantial losing streak against Bitcoin – a multi-year decline in the ETH/BTC chart. The situation where ETH price moves higher while BTC holds is critical in the context of a potential bullish trend. For a strong bullish scenario, the break should be accompanied by higher lows and higher highs on the ETH/BTC chart.