Ether's (ETH) Worst Showing Versus Bitcoin (BTC) Highlights History of Diminishing Returns
Ether (ETH) is experiencing its worst performance against Bitcoin (BTC) during a bull market, showcasing a trend of diminishing returns since each cryptocurrency's respective lows. The ether-to-bitcoin ratio has fallen below 0.0300, marking the lowest point in four years. Currently, bitcoin is trading around $105,000, while ether is at $3,202. To recover from a recent dip attributed to a Chinese AI program's release, ether would need to rise to approximately $3,360. Analysts suggest that ether's underperformance is more indicative of bitcoin's strength rather than ether's fundamental weakness. Ether faces competition from more scalable smart contract platforms like Solana, while bitcoin retains its status as the primary store of value in the crypto landscape.
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