The Ethereum (ETH) to Bitcoin price ratio continues to decline following the largest ETH protocol upgrade of 2021. It reached 0.033 in November 2024, the lowest level in three years. Kaiko analysts cited weak Ether dynamics against Bitcoin, as well as the rise in Solana popularity due to cheap transactions and speculation with memecoins, as reasons for the decline. Additional pressure was exerted by the SEC's attention to Ethereum staking, which increased regulatory risks.$MOVE $PEPE $HBAR