Ethereum Climbs to $2,391 as ETH Strengthens Against Bitcoin

A single Telegram headline said Ethereum  ETH +0.00% reached as high as $2,391, but the verifiable part of this story is Santiment’s published read on Ethereum price dominance against Bitcoin  BTC +0.00% , which the firm said rose 22.4% over the past week as new-address creation stayed elevated and exchange supply moved toward historic lows.

The exact “$2,391” print and the headline’s truncated claim that Ethereum’s dominance was “officially at its …” could not be independently matched to Santiment’s own post, so the cleaner angle is the one Santiment did publish: ETH’s price dominance versus Bitcoin was up 22.4% over one week.

Santiment’s published metrics show demand rising while tradable supply tightens

In the same insight, Santiment said Ethereum was generating 89.4K new addresses per day and had created 96.3K wallets in the prior day. Those figures matter because they point to expanding network participation, not just a short burst of price momentum.

Santiment also said Ethereum’s supply sitting on exchanges was nearing 8.05%, a level the firm described as close to an all-time low. When that 8.05% exchange-supply figure is read alongside 89.4K daily new addresses, the story becomes less about a headline print and more about demand meeting thinner liquid inventory.

Santiment’s summary of the move was blunt enough to stand on its own:

“Ethereum’s price dominance continues to surge against Bitcoin’s, now +22.4% in a week.”

SanSights via Santiment

Why ETH outperforming BTC is the more important signal

In plain language, Ethereum price dominance against Bitcoin means ETH is gaining ground relative to the market’s benchmark asset, not merely rising in dollar terms. A 22.4% weekly improvement versus BTC tells traders that capital is favoring Ethereum faster than it is favoring Bitcoin.

That distinction matters more because the same Santiment note paired the 22.4% ETH versus BTC move with 89.4K daily new addresses and an 8.05% exchange-supply reading. When relative strength, activity growth, and reduced exchange balances all move together, the case for rotation into ETH looks more structural than a one-session squeeze.

Analytics Insight’s recap of the move highlighted the same exchange-supply compression, which reinforces that the published evidence centers on Ethereum’s market structure rather than on the headline’s unverified trailing superlative. That is an important distinction because the 22.4% ETH versus BTC gain is documented, while the exact “officially at its …” milestone is not.

Related crypto developments point to a broader hunt for selective risk

The same search for selective exposure has shown up elsewhere in the market, from Upbit to List Canton (CC) on KRW, BTC, and USDT Markets to Bybit Launches 44 New Stock CFDs Including BlackRock Bitcoin ETF IBIT. Those stories are different in form, but each reflects traders and platforms expanding the menu of crypto-linked risk while benchmark assets still set the tone.

Bitcoin remains that benchmark, which is why Santiment’s 22.4% weekly ETH versus BTC shift matters more than a standalone Ethereum rally would. The benchmark role is also why long-cycle narratives such as Hal Finney’s $10 Million Bitcoin Prediction Explained still frame how traders judge whether a burst of Ethereum strength is tactical rotation or the start of a broader change in leadership.

What traders need to see next from Ethereum

For this move to keep its weight, the same published metrics need to hold together: the 22.4% ETH versus BTC gain, the 89.4K daily address pace, and the 8.05% exchange-supply level. If one of those readings fades quickly, the case for durable ETH leadership weakens with it.

Until an authoritative published market page confirms the headline’s precise intraday high, the more defensible read is narrower: Ethereum’s better week versus Bitcoin was backed by measurable address growth and thinner exchange balances. That makes this a credible Ethereum-relative-strength story, even if the splashiest version of the headline still lacks a fully published supporting print.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.