Ethereum (ETH) fell to its lowest in four years against Bitcoin (BTC). Erosion Investor trust in cryptocurrency, the second largest by market capitalization. Finally, ETH was weak against BTC, which returned in December 2020.
Ethereum continues to lose ground to Bitcoin
ETHEREUM reached a new multi-year low for major cryptocurrencies as the ETH/BTC trading pair, also known as the ETH/BTC ratio, fell to 0.02284. The following monthly chart shows how ETH has consistently dropped marks against BTC over the past four months.
In addition to the ETH struggle, market dominance is declining. At the time of writing, the market advantage for smart contract tokens is 8.6%. For context, ETH’s market advantage was slightly above 18% in March 2024.
The persistent inperformance of ETH against BTC is apparent when comparing historical ratios. In 2017, we created one BTC. buy Approximately 6 ETH. In 2025, one BTC purchased 42 ETH.
data Crypto Exchange-Traded Funds (ETF) tracker SosoValue reveals that Ethereum ETFs are likely to be driven by ETH’s sluggish price performance over the past two to three years.
The following chart shows how the total asset value of Ethereum ETFs plummeted from $142.8 billion on December 15th to $6.65 billion as of March 9th. During that same period, ETH prices fell from $4,043 to more than $1,800 at the time of writing.
As ETH struggles to regain its key price level of $2,000, veteran crypto analyst Ali Martinez has identified a major zone of resistance. with x postMartinez noted that ETH is facing heavy resistance between $2,250 and $2,610, with over 12 million investors buying more than 65 million ETH.
Can ETH stage a comeback?
Another metric of waning investor trust is a decrease in the proportion of muddy ETH in the network. Recent reports highlight what ETH staking has It was dropped It has been sharp since the peak in November 2024.
Furthermore, price analysis based on MVRV price range I’ll suggest If your ETH does not break beyond $2,060, you can slide further and potentially reach a low of $1,440. Ethereum Whale – Wallets holding more than 10,000 ETH also seem to be losing confidence, with some large holders turning off their assets.
However, in bright notes, excessive bearish feelings around ETH are spark Short squeezes, potentially pushing cryptocurrency to $3,000. At press time, ETH will trade at $1,884, a 1.7% decrease over the past 24 hours.
Featured images from charts on Unsplash.com, sosovalue.com and tradingview.com
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