Chart of the Day - Tuesday, July 16, 2025

🏆  Today's Chart of the Day was shared by Aaron Jackson (@RotationReport). 
 

• Bitcoin has stalled since reaching an all-time high of $123k on Sunday. Meanwhile, the second-largest Crypto, Ethereum ($ETH), is up +16% this week, trading at a six-month high of $3,400. 
   
• Ethereum was the star of the 2017 cycle, but it hasn't made a record high since 2021. It has dramatically lagged Bitcoin and its peers in recent years. However, it has outperformed Bitcoin by +37% since the ratio bottomed in April. 
   
• Aaron notes that the ratio ($ETH/$BTC) has emerged from a two-month base over the past two days. Bitcoin remains the secular leader, and the long-awaited 'Flippening' won't be happening anytime soon. However, this signals improving risk appetite across the broader crypto space.
   

The Takeaway: Ethereum has staged an impressive comeback since the April lows, outpacing Bitcoin by +37%. The ratio is emerging from a two-month base as it establishes a new potential uptrend, suggesting further leadership from Ethereum in the coming months.