By Keel Research Team
The ratio data is updating. Check back in a few minutes.
The ETH/BTC ratio is ETH's price divided by BTC's, from Hyperliquid perp prices, with its 30, 90 and 365-day change, RSI and 200-day average. Today's values are updating.
The ratio data is updating. Check back in a few minutes.
Ethereum’s daily close divided by Bitcoin’s, both from Hyperliquid perpetual prices at the 00:00 UTC close, updated once a day after the close. The live value in the answer uses the last hourly close instead. The 50 and 200-day averages and the RSI(14) are computed on the ratio itself, not on either coin.
A perpetual trades a little above or below spot by its basis, which is small, so this ratio can differ slightly from an exchange’s ETHBTC spot pair.
A momentum rule ranks coins by their recent return and holds the strongest, and the library version steps aside when its market trend filter turns down. Fork it and set its coins to ETH and BTC, and it becomes a rotation between the two: it tends to hold whichever has been stronger, or nothing. Backtest it on Hyperliquid history before you run it on paper: the link card at the top of this page opens the momentum backtest and the library strategy to fork.
Start from the momentum backtest or fork the library strategy, set its coins to ETH and BTC, and run it on paper before any money moves.
The price of one ETH in BTC: ETH's daily close divided by BTC's. It rises when ETH outperforms BTC and falls when BTC outperforms ETH, whatever the dollar price of either does.
It means ETH is losing value against BTC: each ETH buys less BTC than before. That can happen while both rise in dollars, if BTC rises faster. Traders read a falling ETH/BTC ratio as money favouring Bitcoin over Ethereum, and a rising one as the reverse.
This ratio comes from Hyperliquid perpetual prices, not a spot ETHBTC market. A perp trades a little above or below spot by its basis, so the two can differ slightly, and the daily value here is taken at the 00:00 UTC close.
The chart shows the last year of daily closes, from Keel's own record of Hyperliquid perp prices.
How many of the most traded altcoins beat Bitcoin, from Hyperliquid perps.
Ethereum's RSI, MACD, moving averages and funding today.
Bitcoin's RSI, MACD, moving averages and funding today.
Daily volume, open interest, funding and the number of markets on Hyperliquid.