Indicator Overview

The ETH vs. BTC Relative Performance Ratio (RPR) indicator measures Ethereum’s performance relative to Bitcoin by normalising price changes from a dynamic starting point and applying user-selectable smoothing (SMA or EMA over 5–20 days). The resulting ratio line is coloured on a dual gradient, blue shades intensifying above 1.0 (ETH outperformance) and orange shades intensifying below 1.0 (BTC outperformance), with filled area anchored to the parity line (1.0) for visual emphasis on leadership shifts between the two largest cryptocurrencies.

How To Use

Values significantly above 1.0 signal Ethereum strength and outperformance, often occurring during risk-on periods, narrative-driven rallies (e.g., upgrades, DeFi/NFT booms), and capital rotation out of Bitcoin into ETH, while values markedly below 1.0 indicate Bitcoin dominance, typically during market deleveraging, flight to safety, or ETH-specific weakness. Divergences, such as Bitcoin price rising while RPR declines, confirm sustained BTC leadership, whereas RPR rising alongside or ahead of ETH price warns of weakening BTC dominance and potential ETH-led momentum. Traders monitor breaks above prior highs for ETH/BTC upside confirmation or drops below key supports as signs of reversion to BTC strength, enabling precise timing of pair trades, sector rotation, and identification of “flippening” momentum or its absence in crypto cycles.