Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why

The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%. Several factors, such as uncertainty about the launch of spot ETH ETF in the U.S. and the growth of Ethereum-killers like Solana, are responsible for ether’s underperformance.

The ratio between ether (ETH) and bitcoin’s (BTC) dollar-denominated prices continues to slide, extending year-to-date losses as suggested by the bearish death cross pattern a month ago.

ETH/BTC slipped to 0.04563 on crypto exchange Binance soon before press time, reaching the lowest since April 2021, according to charting platform TradingView. This year, the ratio has declined nearly 16%, indicating a bias for bitcoin

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