CryptoAnu

Looks like ETH is finally waking up. The ETH/BTC ratio just hit its highest level since January, and for the first time in 2026, we're seeing real capital rotation .

The data backs it up. Bitcoin ETFs saw $325M in net outflows on April 13, led by Fidelity and ARK, while Ethereum ETFs pulled in $7.7M daily and $187M weekly, their strongest showing of the year . That's a clear shift in where institutional money is flowing. At the same time, Ethereum network activity jumped 41% week over week to about 3.6 million daily transactions .

But here's what matters for the ETH/BTC chart. Santiment confirmed the ratio is officially at its highest since January, with funding rates flashing "familiar ETH greed signals" . Wallets holding at least 100,000 ETH increased from 54 to 57, which historically correlates with price increases. There's still room to run.

The catch? ETH still faces resistance around $2,400, and the ratio needs to reclaim 0.035 on a weekly basis to confirm a genuine altcoin rotation . Also, while transactions are up 41%, stablecoin transfer volume on Ethereum is down 42.6% and fees have fallen nearly 50%, meaning more activity but with less economic value behind it .

Bottom line, yes, capital is rotating to ETH. The ETF flow split is real, whales are accumulating, and the Pectra upgrade's economic impact is finally being felt in 2026 with over 30% of supply now staked and locked away . But one day of outperformance isn't a trend. Watch if ETH can hold above $2,400 and if the ratio stays above 0.032. If it does, this could be the start of something bigger.