The Ethereum to Bitcoin ratio has plunged to ~0.019, down 75% from its 2021 peak of 0.08, per CryptoQuant. This decline reflects weak market sentiment, with no clear rebound in sight.
🔍 What’s Driving the Drop?
• ⚠️ Low network activity despite the Dencun upgrade
• 🧊 Cooling institutional interest and reduced ETH ETF inflows
• ⛓️ Layer 2s (Arbitrum, Base) are easing congestion—but users are eyeing faster chains
• 💸 Bitcoin’s strength is shifting capital away from ETH
💡 With $BTC nearing $100K, fund managers are reconsidering diversification. Meanwhile, Ethereum’s role in the crypto hierarchy may be evolving.
