ETHER (ETH), the second largest cryptocurrency, fell from the investor compared to Bitcoin (BTC), returning the worst performance of the bull cycle against his biggest rival since the creation of Ethereum Blockchain in 2015.
A comparison of the ether / bitcoin ratio through the anterior cycles from the respective stockings of the tokens shows a coherent sub-performance. The black line in the above graph represents the current cycle which started in November 2022, when Bitcoin has the bottom of $ 15,500 during the collapse of Crypto Exchange FTX. With each cycle, Ether’s return against Bitcoin has decreased.
On Wednesday, the ratio fell below 0.0300 to touch 0.02993, a lower over four years. The previous hollow was recorded on January 19, one day before the inauguration of President Trump. This month, the ratio – the exchange rate between the two largest cryptocurrencies – is down 15%. It decreased by 44% in the past year.
Bitcoin is currently negotiating around $ 105,000, after recovering from the crisis at $ 98,000 caused by the release of Deepseek, a Chinese artificial intelligence program (AI). Ether, currently at $ 3,202, is expected to reach around $ 3,366 to cancel the damage in depth.
“My general point of view is that the underperformance of the Ether / Bitcoin ratio is more due to a bitcoin force rather than a weakness of the ether,” said Andre Dragosch, head of research at the European office of Bitwise. “Ether tends to suffer from the” child’s environment syndrome “, it is not as evolving as competitors of smart contracts like Solana (soil) when it does not really compete with Bitcoin as the first value store. “
