Analysts point out that on April 14, the ETH/BTC exchange rate fell to 0.01924, which became a new low since January 2020. Ethereum has shown worse performance compared to Bitcoin in this cycle, leading to a decrease in investor confidence. Blockchain data shows that some whale addresses are selling off ETH, and exchange data indicates that Bitcoin has higher trading volume and volatility, while outflows from the Ethereum spot ETF are significant.