
The ether-bitcoin ratio reached 0.0313 on Wednesday, its highest in three months, driven by increased Ethereum network activity and record stablecoin inflows. Ether gained 4% weekly, outpacing bitcoin's 3.9% rise. Ethereum recorded 284,000 new users, a 82% quarterly increase, and 200.4 million transactions in Q1. Stablecoin supply on Ethereum hit $180 billion, representing 60% of global supply. The ratio remains below January's 0.038 peak and needs 0.035 confirmation for sustained recovery.