Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why
Summary
The ETH/BTC ratio has fallen to a three-year low, with a 16% decline this year, indicating a preference for bitcoin. Reduced demand for ether ETPs and competition from other layer-1 networks like Solana have contributed to this trend. Approval of spot ETFs tied to ether could attract significant capital, but the SEC's decision is uncertain. Negative sentiment from both crypto and external players, along with ether's inflationary turn, are driving bearish views on ether.
