The biggest disappointment in the cryptocurrency market has undoubtedly been Ethereum. Ethereum's performance against Bitcoin has been in a prolonged downtrend. The ETH/BTC pair has dropped to 0.027, marking its lowest level since May 2020. Following this price movement, the expected capital inflow into altcoins has yet to materialize.
Market Impact and Future Expectations
The decline in the ETH/BTC pair could signal a significant shift in the market. If this downtrend continues, Ethereum's dominance against Bitcoin is likely to weaken even further. However, upcoming Ethereum upgrades (such as the Dencun upgrade) and increasing institutional interest may support a long-term recovery.
Investors may see this historically low level of the ETH/BTC pair as a buying opportunity or continue shifting toward Bitcoin. However, one thing remains clear: without a rise in Ethereum's price, the likelihood of a broader altcoin rally remains very low.
